Payroll Giving
Payroll giving is a scheme in which employees donate to nonprofits directly from their salary, usually before tax, making regular giving simple and tax-efficient.
Because contributions are recurring and automated, payroll giving provides nonprofits with predictable income and gives the company clear, auditable records of employee generosity.
Related terms
The newest terms we've added, the words teams managing grants, sponsorship, and CSR come across most often.
Restricted Funds
Restricted funds are donations a donor has earmarked for a specific purpose, project or time period, which the recipient may use only as designated.
Distinguishing restricted from unrestricted funds is fundamental to compliant accounting and reporting, since misusing earmarked money breaches the donor's terms.
Pledge
A pledge is a donor's formal commitment to give a specified amount, sometimes over several years, before the funds are actually transferred.
Tracking pledges against payments received is essential for accurate forecasting and reporting, so an organisation knows both what has been promised and what has arrived.
Gift Acceptance Policy
A gift acceptance policy sets out which donations an organisation will and will not accept, and under what conditions, covering issues such as donor due diligence, restricted gifts and reputational risk.
A clear policy protects the organisation from problematic funding and gives staff a consistent basis for evaluating and recording every gift.
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