Peachtree 2015 Annual Report Download - page 53

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FINANCIAL STATEMENTSGOVERNANCESTRATEGIC REPORT
In June we announced the Sage Foundation, which will extend
this work, seing the benchmark for corporate philanthropy around
the world. We want to give our people the tools and encouragement
to go out and work with the organisations and causes they really care
about. We want our people to bring their values and passions into
work with them.
The Sage Foundation is built on a ‘2+2+2’ model: donating 2% of
employee time each year (five days), 2% of free cash flow* to fund the
foundation and awardof grants andtwo of Sage’s smart technology
product licences for charities, social enterprises or non-profit
organisations. This model demonstrates Sage’s commitment to
philanthropic leadership in the FTSE 100 and is driven by Sage’s
ambition to connect its customers, colleagues and communities
within an integrated model.
With tens of thousands of non-profit organisations as existing Sage
customers, the Sage Foundation will enhance Sage’s relationship
with charity and social enterprise. Non-profit organisations will be
able to apply for Sage One, Sage Live or X3 products, through the
newly created donation programme.
The Sage Foundation will provide support to non-profit organisations
and communities around the world by sharing the resources of Sage.
We will help these organisations to create social impact by giving
our time, money, expertise and technology. Sage is at the heart of
millions of businesses around the globe who play a vital role in their
communities. By partnering with the non-profit sector we will free
organisations from operational complexity and enable them to run
efficient, socially-driven organisations.
Community
At Sage we feel a responsibility and are dedicated to the communities
which surround us. Our people are heavily involved in volunteering and
grant programmes.
“It’s fantastic to see Sage not only take up this mantle,
but in doing so, set a new global benchmark for
corporate philanthropy.”
— Baroness Martha Lane-Fox, Founder of digital charity
Go ON UK and lastminute.com
“At Sage we care and are commied to enhancing
the lives of the less fortunate in a meaningful and
sustainable way.”
— Ivan Epstein, Chairman of Sage Foundation and
President, International
SAGE RAISES $30K FOR HURRICANE KATRINA SURVIVORS
Ten years aer Hurricane Katrina, Sage staff
rallied behind New Orleans Area Habitat for
Humanity during our global Sage Summit in
New Orleans. Sage staff sold $15,000 worth of
Mardi Gras beads. This sum was matched by
the Sage Foundation, to donate a grand sum
of $30,000 to the organisation. Sage also
commied to a global relationship with
Habitat for Humanity, with Sage colleagues
volunteering in their programmes around
the world through the Sage Foundation.
“ As a business leader, Sage knows
the importance of safe and stable
communities. The Sage investment
in Habitat means that local families
will continue to improve their lives
and their neighbourhoods.”
— Jim Pate, Executive Director
New Orleans Area Habitat for Humanity
THE SAGE FOUNDATION IS BUILT ON
A MODEL OF
DONATING…
– 2% of employee time each year (five days),
– 2% of free cash flow* to fund the foundation and award as grants
– twoof Sage’s smart technology product licences for charities,
social enterprises or non-profit organisations.
2
2
2
+ +
SAGE COLLEAGUES SLEEP OUT FOR BOYS & GIRLS TOWN
In South Africa, 135 of our colleagues slept under the stars, in the middle of the winter, in support of Daryl Blundell, General Manager, to help
raise funds for him before he took part in the CEO Sleep Out on 18 June raising funds for Boys & Girls Town.
* The Sage Foundation will benefit from Sage revenues from the non-profit sector; notionally ‘2%’ of free cash flow is equivalent to revenue gained from non-profit
sector in FY14
The Sage Group plc | Annual Report & Accounts 2015