What You Need to Know About Employee Giving Fees and Selecting the Right Workplace Giving Technology and Service Provider
By Jim Starr, President and CEO, America's Charities
In my 25+ year career, I’ve had the opportunity to help individuals and organizations connected to the causes they care about. As President and CEO of America’s Charities, I also have the vantage point of seeing how employee giving and volunteering has rapidly transformed over the past few years. America’s Charities is a nonprofit that provides employers nationwide with employee giving technology and services to support employee engagement and workplace fundraising efforts.
Along the way, I’ve experienced firsthand the maze of choices employers face when they search for a partner to help them manage their employee giving programs, along with the confusion over the true cost of technology and services for those programs.
The number of vendors offering software and services to support workplace giving programs has exploded in recent years, the result of a growing interest among employees to give back as well as improvements in technology.
This trend offers companies more choices than ever before. But with choice comes confusion. Nearly every one of these vendors offers a different suite of services — and a different fee structure.
Some charge a flat fee up front. Others charge employers a percentage of the amount donated to charities. Still others pass along the cost to the charities that receive the funding. And many serve up a combination of these and other fees.
Whether you’re a large corporation or a small company, a few simple questions can help you understand the technology, services, and fees associated with them. Then you can make informed choices about the value of your purchase and get the most bang for your company’s buck.