Key Term

What is Employee Giving Program?

Definition

An employee giving program is a structured initiative established by employers that enables their workforce to make charitable donations, often through payroll deductions, with the company frequently matching these contributions. These programs typically provide a streamlined platform for employees to support their chosen nonprofits while offering administrative support and sometimes additional incentives like volunteer opportunities or corporate matching funds.

Significance

Employee giving programs are vital tools for fostering corporate social responsibility and community engagement while providing significant benefits to multiple stakeholders. For nonprofits, these programs represent a reliable source of recurring donations and create opportunities to connect with corporate partners. For companies, they boost employee engagement, enhance corporate culture, and improve public image. For employees, these programs make charitable giving more accessible and impactful through convenient payroll deductions and corporate matches, effectively multiplying their philanthropic impact while potentially offering tax benefits.