Everyday Philanthropy

You can make a big impact in the lives of your employees and in their communities whether your are a one-man-band or a massive corporation. TASC is here to share our many years of collected domain expertise on the many ways you can empower your employees to do more and give back as Everyday Philanthropists!

Many employees wish they had more time to volunteer or that they could participate in volunteering events. Let's take a a look at a few ways you can make that possible for your employees.

• Paid Volunteer Time Off: Offer paid time off to volunteer with registered 501(c)(3) organizations. During uncertain times the use of these hours can be extended to other charitable ideas and events to help ordinary people.

• Tax Deductible Longer-Term Paid Volunteer Time Off:Similar to hours of paid Volunteer Time Off, the wages and benefits deployed to work in support of 501(c)(3) organizations is tax deductible as an ordinary and necessary business expense according to the US Internal Revenue Code. The length of time for which this would be considered a normal business operating expense is a slightly more fuzzy area of the tax law, eventually this expense will not be considered an ordinary or necessary operating expense for your business. 

• Dollars For Doers Program: Allow employees who volunteer after normal work hours to take advantage of financial donations made by the employer to the employee’s favorite 501(c)(3) charity organization based on how many volunteer hours that employee logs after hours.

• Individual Giving Accounts: Allow employees to make donations to non-profit organizations of their choice through payroll deductions. Learn more about the Give Back Accounts.

• Donor Advised Funds (DAF): use DAFs to allow philanthropists help in times of crisis like the current COVID-19 outbreaks. Read more on DAFs.