Paddington’s payroll givers are right on track
Staff from companies in The Royal Bank of Scotland Group have helped donate over £68,000 to leading medical charity, Action Research. The Charity’s loveable mascot, Paddington Bear, was on hand to thank staff and the Royal Bank for their generosity. Amanda Sheridan and Christine Harding of the Royal Bank, who both donate regularly to Action Research, met up with Paddington Bear at Paddington Station. Under the Royal Bank’s ‘Give As You Earn’ payroll giving scheme, staff are able to donate part of their salary each month to their chosen charity. The bank then ‘double matches’ this amount, providing £2 for every £1 donated directly by its staff. Over 400 staff donated regular monthly sums to Action Research last year, which - together with the company’s own contribution and the government top-up - raised over £68,000 for the Charity. Amanda Sheridan, a Corporate E-Commerce Channel Manager for NatWest, has been donating to Action Research for over five years. “For me the ‘Give As You Earn’ scheme solved the Charity dilemma. I was able to choose a reputable Charity that I really wanted to support, and it’s so easy because my donation is deducted from my salary each month. And the best part is, for every £1 I give, Action Research gets £3 thanks to the company’s ‘double-matched’ contribution”. Christine Harding, Marketing Manager for The Royal Bank of Scotland agrees: I wanted a convenient way to give and to know that my charity donation is being used effectively. I support Action Research because it funds work into a whole range of different illnesses and conditions. I broke my back some years ago and understand just how painful a bad back can be. This is one of the unglamorous but important areas that Action Research is funding, and I know my donation is making a real difference.” “For many people, ‘Give As You Earn’ is a convenient and effective way of donating to your chosen charity”, says Marcia Hibberd-Rowe of Action Research. “And with regular donations coming in, it’s a solid foundation for us to plan our medical research work. We’re extremely grateful for the reliable income that payroll givers provide.” Jane McDonagh, Community Investment Manager for The Royal Bank of Scotland said, “We have put matched giving right at the heart of our support for charities. 'Give As You Earn', through our unique double matching scheme has generated £4.5m for the good causes that staff care about - ranging from the big, national charities like Action Research to local community groups, schools and hospitals. It unlocks extra cash and offers our staff an incentive to give and we're delighted that nearly £70,000 has been donated to Action Research.” Action Research is dedicated to helping overcome disease and disability for children, families and the elderly across the UK. Its Touching Lives Campaign aims to raise £2.5m in 2002 for vital medical research and more details can be found at www.action.org.uk PHOTOGRAPHS You can download any of these high-resolution photographs from the Action Research website at www.action.org.uk by following the homepage link. Alternatively, a selection of high-resolution photographs is available on CD by contacting the Action Research press office (see below for contact details). Notes To Editors: For further information about Action Research, please contact Andrew Proctor or Victoria Rayment in the Action Research press office on 01403-327423 or 01403-327404 Fax: 01403-210541, or email email@example.com ISDN facilities are available For more information about The Royal Bank of Scotland Group, please contact Sonya Ashworth, Media Relations, The Royal Bank of Scotland Group, telephone 0131-523-4205, fax 0131-557-5881. ACTION RESEARCH - BACKGROUND The national medical research charity, Action Research, is dedicated to preventing and treating disease and disability by funding vital medical research. It is one of the UK’s leading medical research charities, and is celebrating its 50th anniversary in 2002. As a charity which has been at the forefront of medical advances, our support has been crucial in the development of life-saving polio and rubella vaccines, the artificial hip operation, ultrasound scanning in pregnancy, and the use of folic acid to prevent spina bifida. Action Research supports research into a wide range of conditions, benefiting all age groups. We are currently funding some 120 projects throughout the UK, representing an investment of about £12 million. These include support for research into premature birth, meningitis, cerebral palsy, asthma, epilepsy, and osteoporosis. ROYAL BANK OF SCOTLAND GROUP - BACKGROUND Through ‘Give As You Earn’ run by the Charities Aid Foundation, The Royal Bank of Scotland Group’s UK based staff from The Royal Bank of Scotland, NatWest, Direct Line Group, Coutts & Co, Ulster Bank and Virgin One, are able to make tax-free donations direct from their pay. Not only will the Bank then treble the gift, but the Government has also pledged to add an extra 10 per cent to all donations made in this way until April 2003. For example, a donation of, say £10 per month, would actually cost just £7.80 in real terms. With double-matching and after the 10 per cent bonus from government, what the charity will actually receive is £31 at no extra cost to the donor.