Vanguard Charitable Offices Why Microsoft Charitable Deduction Is a Great Idea for Companies

Why Microsoft Charitable Deduction Is a Great Idea for Companies

Microsoft is giving a charity $1 million to cover the costs of providing charitable deductions to its employees. 

The $1.3 million donation will cover expenses related to the employee’s charitable contributions, including the cost of hiring a tax preparer to provide them, the company said in a blog post.

The charitable deduction was one of Microsoft’s most recent initiatives to increase its charitable contributions. 

Microsoft CEO Satya Nadella announced last month that the company would donate $2.4 million to support charitable causes, including a new program to give students access to high-tech research.

Microsoft said that it was also giving $1 to a company in the U.K. named The Doves Foundation, which is helping to fund a new cancer research center in the city of Birmingham. 

At the time, Microsoft said it had donated $1 billion to charitable causes.