Help us fund life-saving research.
- The Intensive Care Foundation is a DGR (Deductable Gift Recipient) status charity which funds grants for essential and ongoing clinical research aimed at improving the care and treatment of critically ill patients.
- Donations to the Foundation directly support research by helping us fund more potentially life-saving research projects.
- Donations do not pay for administration or office overheads.
Workplace Giving and why it’s good for your business.
More and more businesses are offering Workplace Giving to their employees as a means of giving back to the community.
Every year, more than 167,000 people, including 10,000 babies and children, are admitted to 207 Intensive Care Units across Australia and New Zealand.
Intensive Care teams care for people critically ill with serious illnesses and injuries. The need for intensive care can arise for anyone in the community, at any time, irrespective of age or state of health.
Workplace Giving is one of the simplest and most effective ways for your company to support the work of the Foundation as it allows your employees to make regular pre-tax donations to the Foundation straight from their pay, with the Foundation receiving the full donation. If the donation is $2 or more, your employees receive an immediate tax benefit.
Workplace Giving demonstrates to your employees, clients and customers that your business is community minded. It helps build employee morale.
More than 90% of patients survive life-threatening accidents or illnesses with the help of intensive care.
How does Workplace Giving work?
Workplace Giving (or Payroll Giving) is one of the simplest and most convenient ways to support the Intensive Care Foundation.
Your employee asks your payroll department to deduct regular donations from their pay to be made to the Intensive Care Foundation. Your payroll area makes the deduction from the employee’s gross/pre-tax earnings. This deduction is made after calculating superannuation contributions but before deducting Pay as You Go (PAYG) tax. This way the employee gets an immediate tax benefit (rather than waiting to claim a deduction for donations on annual tax returns).
Is it complicated to set up?
No. Most of the administration is carried out as per your normal payroll procedures. All modern payroll systems can facilitate Workplace Giving donations. There is very little extra work involved as there are no tax forms to complete and the records you need to keep are very straightforward.
Each pay cycle your payroll electronically transfers the donations from any employee to the Foundation in one simple transaction.
What records do I need to keep?
You need to keep a copy of forms completed by your employees authorising you to make deductions from their pay and a record of the total deductions made from each employee’s pay. The Intensive Care Foundation does not collect any personal information about your employees who donate through a Workplace Giving arrangement (including information about an individual’s donation amounts).
At the end of the financial year, employers will need to notify each participating employee in writing of the amount they have donated, and keep a record of this notification. Employees will use this information to notify the ATO of their donations made through Workplace Giving on their tax return. Employers may also wish to notify employees of their Workplace Giving donations as part of their pay slips.
Each time your payroll transfers funds to the Intensive Care Foundation, a remittance (either emailed or posted) should be supplied to the Foundation, to ensure correct reconciliation.
Since 2000, the Foundation has made more than $3 million available for pilot studies, medical trials and world-class research projects.
These simple steps are all it takes to participate in Workplace Giving!
- Ensure your payroll system facilitates Workplace Giving deductions and the necessary record keeping. This will make payments of agreed donations easy for both you and your employees.
- Work with the Intensive Care Foundation to set up regular deposits and discuss with employees the benefits of workplace giving. This may involve determining whether you would like to set minimum donation amounts or the ability to make one-off donations.
- Deduct the agreed donation amount from the income you pay to each participating employee and forward it to the Intensive Care Foundation as a lump sum. Ordinarily donations are paid before tax, so you should consider how this will reduce the amount of tax you withhold from participating employee salaries.
- At the end of the financial year, advise each participating employee in writing of the amount they have donated. It is useful to have kept a record of each donation for this purpose.
For more information about supporting the Intensive Care Foundation, please contact:
Intensive Care Foundation
P: 0402 730 767