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Jan Norman on Small Business ~ News and practical tips for and by Orange County small business owners

Local CPA firm sets $1 million charitable giving goal

June 13th, 2009, 11:03 am · 1 Comment · posted by Jan Norman, small-business columnist

The Irvine accounting firm of Wright Ford Young & Co. gives 1% of its gross revenues to local charities with the goal of  giving away $1 million by 2018.charity

The seven-partner firm, founded in 1973, started the giving program in 2006, says partner Jeff Myers. The contributions continue despite the impact of the recession on revenues.

The 50 non-partner employees decide which charities receive the money, he adds.

Among the recipients:

  • Alzheimer’s Association Orange County Chapter
  • Someone Cares Soup Kitchen
  • Center for Hope & Healing
  • Ability First
  • Meals on Wheels
  • Natalie Turner Foundation
  • Save Our Youth

“The idea came up at a partnership meeting,” Myers says. “Many of us are Christians, and one suggested we give half-a-percent of topline revenues to charity. Another say 1% and that’s what we set.

“Our plan is to set up a private foundation and contribute more than $1 million to local charities by 2018,” he says.

Other entrepreneur stories…

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 One Comment

  • SoCoDave says:

    Very nice. Particularly so given the confiscatory tax policies of our government. Be careful and investigate charities before you contribute.