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I like this premise, but I heard that those big retailers use it to claim some kind of gift aid/write off donations, so you end up helping the big company pay less tax more than helping the charity get extra pennies. Any truth to that?
gms-
No. How would that work?
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I believe (but could be wrong) that companies benefit from corporation tax relief resulting from charitable donations.
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gift aid / write off tax donations.
I don't know anything about the tax affairs of the companies that use pennies.org.uk, but I do know that 100% of the donations go to the charity, with nothing being passed to either the "host" retailer or pennies themselves. The latter are a not-for profit that are 100 percent funded by philanthropic donations. Or at least they were when I worked there. I haven't kept up to date, but am sure that the information is freely accessible on their website.
I should note that I worked there on a voluntary pro bono basis, as did a lot of other (some very senior) consultants there.
chez_jay
EstelleGetty
mashton
I used to do some consulting work for pennies.org that is the charity that delivers this service for a lot of online and card retailers, matched to charities. The basic premise is to replace the collecting pots that you used to put your change in, back when cash was thing.
lovely people and a really nice ethos.