Payroll giving + investment fund = win win win
Coupling IRD’s Payroll Giving scheme with a philanthropic investment fund has been a ‘win win win’ for a Waikato engineering firm, its employees and the social service providers they’ve supported.
Longveld started up its fund in 2019 at Momentum Waikato, their local community foundation, and ever since has dollar-for-dollar matched their team’s donations towards it.
Payroll Giving takes the agreed donations out of pay packets in the same manner as income tax or student loan repayments, with the tax on the donation being able to be claimed back at tax return time.
Once a year the team votes on where to grant a portion of the fund’s income, which Managing Director Pam Roa describes as “a fun process”.
“Our payroll giving and funding vote brings together our support team and our trade crew for a common purpose unrelated to work,” says Pam.
Longveld fabricated Ngaa Pou Karohirohi (pictured) on Hamilton’s city river jetty, a project led by artist Eugene Kara, Ngaati Korokii Kahukura, in collaboration with local hapuu representatives.
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What gets wet while drying?
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Poll: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
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4.9% Second half of November
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44.6% 1st December
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17% A week before Christmas
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32.3% Whenever you wish
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1.1% Other - I'll share below
What do you think about arts courses potentially being cut?
After acing her audition, 17-year-old vocalist Martha Newland was looking forward to the start of her musical career studying at Wintec in 2025.
Then she got a call to say the course didn't exist any more - and she’s not the only one.
Wintec has informed students and members of staff that several degrees are not taking new enrolments for 2025.What do you think about arts courses potentially being cut? Tell us your reasons in the comments (adding NFP if you don't want your words used in print).
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