Veritas Annual Charity Report 2021
At Veritas we’re so conscious that we live in a privileged world. We’ve had opportunities, help and support that many others have not. Charitable giving has always been part of the Veritas culture, but as the firm has grown, we’ve formalised it.
Each year, the Executive Team allocates a charitable giving budget out of profits, and the Charity Committee oversees its successful delivery. All staff are involved in deciding which charities we support.
We give consideration to a diverse range of charities and not-for-profit organisations. We focus on Health & Wellbeing, the Environment & Conservation, Education & Training, Humanitarian Emergencies, the Arts /Culture / Heritage, Recreation & Sports, Relief of Poverty, Animal Welfare, and Care & Nursing. We identify smaller charities where our donation will make a difference, and we seek to engage with the charity to understand the impact.
Most of the charitable giving allocation is entrusted to employees. The team has been divided into charity “Pods”, each with an elected head. The Charity Committee comprises a Chairperson, the CEO and the head of each Pod. Every quarter each Pod nominates a charity they wish to support, and may support the same charity for up to a year.
Veritas holds bi-annual team action events where participation earns a charitable donation out of the corporate giving ‘pot’. An example is the STEPS challenge, where walking/running/cycling/swimming earns a specified amount per step/kilometre – raising in excess of £5,000 each time. The leaders nominate a charity of their choice.
Employees are encouraged to be actively involved in fundraising activities. Veritas matches any personal charitable fund raising up to £500 per event per financial year. Staff may commit to payroll giving through the Veritas Charities Aid Foundation (“CAF”) account. Each employee is offered one paid day of leave a year for volunteering.
It’s not only about donations. We also share our knowledge and experience through work experience weeks and paid internship. We have partnered with The Social Mobility Foundation, which aims to make a practical improvement in social mobility for young people, and The Sutton Trust, which also champions social mobility, to elect candidates for these programmes.