This looks at what resources the company has put into the community programme, such as:
- in-kind support
- paid time spent by the employees
- cash donations
- running costs of the programme (covered by the company).
The following section will help you to determine the total cost of your inputs into the programme.
This includes donations of equipment, products and other non-cash items from the company to the community.
- Donations of used computers to the developing world
- Drug donations as part of a vaccination programme
- Allowing the use of premises free of charge for a community event.
These contributions should be valued at the cost to the company and not on the re-sale value. For example, if the vaccination drug cost the company £100,000 to produce, we must record £100,000 as the cost of the in-kind support.
Paid time of the employees
The monetary value of the time spent by the corporate volunteers should also be included in this assessment.
- First, add up the time spent by the volunteer on the project.
- Secondly, multiply the total time by the cost of the employee to the company (including staff salary, overheads, pension etc.) This data should be available from your HR department.
Cash can be donated by a company in many different forms and can be simply added up. For example:
- Direct donations
- Matched employee giving or fundraising
Running Costs of the project
To participate in a community project effectively, companies need to plan, manage, communicate and evaluate. This all takes the employee time and should be included in the running costs.