charity

As it became known HSBC’s and Standard Chartered’s CEOs intend to provide charity with their bonuses.

Michael Geoghegan chief executive of HSBC would accept his bonus but give it to several charities. Geoghegan stands to be awarded a bonus of four times his basic salary of 1.1 million pounds (or $1.68 million).

At the same time, Peter Sands, head of Standard Chartered, planned to donate his bonus to charity as well.

Google has been blamed for diverging UK tax on the £1.6bn it makes in Britain.

Google pays some tax, that is about £140,000 on interest on cash in the bank held here. But its offshore status means it, quite legally, avoids paying £450m in corporation tax.

Convio, Inc. estimates that US online giving to nonprofit organization will be more than $4 billion during the holiday season of 2009 as more than 111 million say they plan to give via the Internet this year.

Ukash payment processing service has created a system that lets Ukash voucher users to donate their ‘change’ to a number of charities.

Ukash vouchers have unique numbers that can be used by consumers without revealing any personal or financial information. In cases, when the value of a voucher used exceeds the amount of the purchase, consumers are issued ‘change', which they can then donate to a group of deserving charities. The group is called 'The Trust'.