|
|
|
Please visit |
The Power of Payroll Deductions Rationale for a Reliable Revenue Source
As a person who pioneered in opening payroll deduction
markets in public and private sectors Black Workforce in America When we look at the Black workforce in America, averaging one dollar across this employment base, based on fifty-two weeks, one billion four hundred thirty-two thousand nine hundred twelve dollars, i.e., $1,432,912,000 could be raised on a yearly basis and reinvested into the development of an economic infrastructure in Black America, leveraging these dollars into institution building, as Black United Fund of New York did over its 25-year history. This would give Black America the kind of power it needs to become a major player in the making of policy in this country and around this world.
According to the New York State Department of Labor, the Black workforce in New York in 2006 was 1,451,100. Averaging one dollar a paycheck on a 52-week basis, the Black community could raise over $75,613,200 per year. Again, leveraging these dollars, as BUFNY did, into institution building would establish a power base in New York that could greatly advance a Black self-help agenda and also influence and determine our political, social and economic conditions throughout the state.
Some
established and accessible revenue source markets are... Painless Giving
A person gives six (6) times more when giving through
payroll deductions Predictable Income Flow Contribution pledges, as committed and reliable revenues, can be collateralized. Most City, State and Federal payroll deduction systems and many corporate systems are already in place. Fund raising drives in workplace campaigns are completed within four to six weeks. A sense of pride exists in Black people when they participate in their own growth and development.
Therefore, we say to all Black “Not for Profits” in
America, enroll in workplace Payroll Deduction Plans,
For help in
this area, contact us at: 1-888-538-9803 or E-Mail us at
info@kermiteady.com |
for the Black United Fund of New York, I, Kermit Eady, begin by saying
to all 501(c)(3) tax exempt organizations, particularly in the Black
community, that the best way to raise money in America and most
countries around the world, is through some kind of a payroll deduction
plan. In America, the Federal government raised over