Workplace giving is a powerful way to support community initiatives that resonate with you, and RevUp Richmond is at the forefront of driving change in our local area. By participating in payroll-deduction charitable programs, you can seamlessly contribute a portion of your paycheck to RevUp Richmond, ensuring that your support is consistent and impactful. Plus, with the option to donate your vehicle, you can take your commitment to the next level.
This hybrid giving approach allows you to designate a percentage or dollar amount to be deducted from your paycheck, which is directed either to a donor-advised fund or directly to RevUp Richmond. In addition, your vehicle donation will be processed separately, providing you with a 1098-C for tax purposes. Together, these contributions create a robust annual-giving report, giving you clarity on your total impact, especially when your employer tracks these donations for potential matching gifts.
How to activate this channel
Check Employer Participation
Verify if your employer offers payroll-deduction charitable giving programs through platforms such as Benevity or YourCause.
Designate Your Contribution
Decide on a percentage or dollar amount to contribute from each paycheck, which will be allocated to a donor-advised fund or directly to RevUp Richmond.
Prepare Your Vehicle Donation
If you have a vehicle to donate, contact RevUp Richmond to initiate the vehicle donation process, which is a separate transaction.
Submit Documentation
Complete any necessary paperwork, including the 1098-C form for your vehicle donation, and ensure your payroll deduction setup is confirmed.
Track Your Impact
Receive an annual-giving report that outlines your contributions and helps you understand the overall impact of your charitable giving.
×Impact multiplier
When you combine payroll-deduction giving with a vehicle donation, you significantly enhance your charitable impact. For example, if you earn $50,000 and designate 2% of your paycheck ($1,000 annually) for RevUp Richmond, that amount is given pre-tax if your employer utilizes a Section 125 cafeteria plan, maximizing the contribution's benefit. Additionally, your vehicle donation could qualify for a deduction of up to $5,000 based on fair market value, further growing your tax benefits while amplifying support for local initiatives.
Common employer platforms + programs
- Benevity
- YourCause
- Bright Funds
- Cybergrants
- Double the Donation
- Charity Navigator
- PayPal Giving Fund
How to check eligibility
To determine if your employer offers payroll-deduction charitable giving programs, consult your HR department or the employee benefits portal. Look for details on workplace giving options, including any associated matching gift programs. All employees should qualify unless otherwise stated, so be proactive in seeking information on how you can contribute to RevUp Richmond.
Richmond workplace-giving context
Richmond, Virginia, is home to several Fortune 500 employers, such as Dominion Energy and Altria, many of which support workplace giving initiatives. Additionally, local United Way chapters play a vital role in fostering charitable contributions. The trend in the state is moving towards increased employee engagement in philanthropy and community involvement, making it an ideal time to participate in workplace giving programs.
FAQ
What types of vehicles can I donate?
How does payroll deduction work?
Will my vehicle donation affect my taxes?
Can I increase my payroll deduction later?
What if my employer doesn’t match donations?
How will I know the total impact of my donations?
Is there a minimum donation amount for vehicle donations?
Other workplace-giving channels
Your support for RevUp Richmond can truly create waves of change in our community. By combining payroll deductions with a vehicle donation, you not only increase your total charitable giving but also enhance your tax benefits. Join us today in making a lasting impact right here in Richmond!