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Making the case for business giving

Making the case for business giving

News Release issued by the COI News Distribution Service on 05 November 2009

A new guide setting out the tax incentives for business to give to charitable causes, has been launched today by Tessa Jowell, Minister for the Cabinet Office, on behalf of HM Treasury, the Office of the Third Sector and HM Revenue and Customs.

“A Guide to Giving for Business” sets out in a single guide a comprehensive document listing the tax incentives for businesses to give.

The guide recognises that the private sector can contribute to the aims and objectives of charities in different ways, such as giving money, donating shares or equipment or working in partnership with a third sector organisation through employee volunteering or secondments.

Tessa Jowell, Minister for the Cabinet Office, said:

“The benefits of partnerships between the charitable and private sectors are enormous. Not simply through raising money for charities and causes, but through the sharing of knowledge and the development of staff.

“This Government is committed to supporting corporate giving and this guide shows all the measures that are in place to promote giving amongst the business community.”

Mike Kelly, Head of CSR at KPMG, the professional services firm who were consulted in the creation of the guide said:

“This guide will be as useful to the third sector as to business. The booklet brings together a comprehensive range of incentives for businesses to increase their commitment to communities.

“Working with the third sector is a real ‘win-win-win’ situation. Charities benefit from the skills and resources as well as the cash, businesses benefit from the staff development that takes place, and members of staff can find it hugely motivational to be able to support their communities.

“In 2007-08, over 4,400 KPMG employees in the UK participated in our community volunteering programme – over a third of the workforce, contributing more than 38,000 hours in the firm’s time.”

Copies of the report can be downloaded at www.hm-treasury.gov.uk.

Notes to Editors

The Minister for the Cabinet Office, Tessa Jowell, launched this document at the annual conference of the Association for Chief Executives of Voluntary Organisations. At the conference, she also challenged the third sector and business to work together. For more information contact Samuel Heath at the Cabinet Office press office on 020 7276 1196.

Cabinet Office Press Office 22 Whitehall LONDON SW1A 2WH

Tel: 020 7276 0317 – Fax: 020 7276 0618

www.cabinetoffice.gov.uk

Out of hours telephone 07699 113300 and ask for pager number 721338

Contacts:

Cabinet Office Press Office
Phone: 020 7276 1273
Fax: 020 7276 0618
NDS.cabinetoffice@coi.gsi.gov.uk

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