With What Matters 2U, PwC supports its colleagues in their social engagement. We are proud of all our colleagues who dedicate themselves to others. In 2012, PwC's partners set up the What Matters 2U foundation. Through WM2U, we give the social organisations/projects that our colleagues support a donation. The foundation exists the What Matters 2U Action Reward and the What Matters 2U Donation. The Action Reward is to support colleagues who are raising money for a charity, for example by running a marathon. The What Matters 2U Donation is awarded to PwC employees who make a more structural commitment to an organisation, for example as a regular volunteer.
Since 2013, more than 400 donations have been made by the What Matters 2U Foundation. This means that more than 200 civil society organisations have received a donation from the What Matters 2U foundation.
Stichting BuurtBuik saves food from being wasted by collecting leftovers from the restaurants and supermarkets. They then prepare meals with these leftovers for and together with local residents. Neighbours get together to eat dinner weekly, which creates a better atmosphere in the neighbourhood as.
Stichting Lakisama believes that education is the best way to reduce poverty. With their foundation they want to enable children and youth in lower and lower-middle income economies via paying their college fees and granting microfinance loans as well as offering local mentorship.
Usher's syndrome is a disease that causes people to become deaf and blind. Stichting Usher Syndroom raises funds to enable treatment for the Usher syndrome. The foundation also supports initiatives aimed at improving the quality of life for people with Usher.
Fiscal number: 851514297. KvK number: 54979226. Name of foundation: What Matters 2U Foundation.
PwC wants to increase its social relevance with its Corporate Sustainability strategy. Recognising the efforts of employees who support charitable and voluntary organisations is an important part of this.
PwC appreciates employees who devote their free time to volunteering. This is why PwC's partners set up the independent 'What Matters 2U' foundation. The foundation's objective is to support, financially, charities identified by the Board of Trustees as eligible for such support, without making profit. A charity qualifies if a PwC employee makes an effort outside of working hours and if the conditions in the Rules of Procedure and Conditions are met.
The foundation rewards civil society organisations for which PwC employees volunteer with two types of Rewards: What Matters 2U Action Reward and the What Matters 2U Donation.
What Matters 2U Action Reward (€250): awarded to employees who make a one-off contribution to a charity by participating in an organised event.
What Matters 2U Donation (€ >1000): awarded to employees who actively (at least 20 hours per year) devote themselves to a social organisation.
The amounts mentioned are donated to the social organisation for which the PwC employee does voluntary work.
A civil society organisation is an organisation that works for a specific social goal. This means that the organisations carry out activities that serve a social purpose and with which they specifically help needy target groups in society.
Following the establishment of What Matters 2U, funds were raised from PwC's partners in 2013. The funds raised consist of donations from the donating partner's private company or limited company. In addition, partners have the option of making a donation to WM2U when they retire. Furthermore, PwC has annually donated the remaining budget for end-of-year gifts to the foundation.
The money is managed by the Board. In addition, an employee of the financial department of PwC has been appointed by the board as financial administrator and controller. The majority of the funds are in current account or have been lent to PwC in connection with the achievement of a 6.25% return, which is an essential part of generating funds for the foundation. For donations to civil society organisations, the necessary funds are transferred to the foundation's account, from where payments are made. For a detailed overview, please refer to the financial statements, which can be found in the heading Annual accounts.
The directors do not receive any remuneration for their work.
The members of the board do not have the possibility to separately dispose of the assets of the institution, this is evidenced by the authority to act as laid down in the foundation's deed of incorporation. Among other things, it is laid down that no decisions are taken without an absolute majority of votes from the board in a meeting where at least half of the directors are present.
The Board has appointed PwC's Corporate Sustainability department to administer the submitted and approved applications and to handle communication with PwC employees and the organisations that receive funds from the foundation. The board has appointed an employee of the financial administration department of PwC to be the financial administrator and controller of the foundation, without any authority to make final bank transfers from the foundation's account.
The board meets once every quarter, and during this meeting the applications submitted are reviewed and granted if they meet the set conditions.
In 2017, the Foundation celebrated its fifth anniversary and in connection with this first lustrum, the Board decided to award a number of lustrum Awards during lustrum meetings in Amsterdam, Rotterdam, Utrecht and Groningen and to generate additional publicity within PwC about the Foundation and its work around this. These meetings were successful. For the Awards granted in 2017, please refer to the statement of income and expenditure.
The Board urged the PwC Board to again call on PwC partners to make a one-off or periodic payment or provide a subordinated interest-free loan.
The board of What Matters 2U has decided to make a number of changes. Firstly, the name of the Action Award will be changed from Award to Reward. In addition, it was decided to merge the Excellence and Standard award into a new reward, the What Matters 2U Donation, whereby the WM2U board can determine the amount of the donation (> €1.000). Adjustments have also been made to the conditions of the foundation. The maximum amount that a civil society organisation can receive per year has been changed from €7,500 to €5,000. The following conditions have also been added: CSOs must be financially sound and donations will only be made if the applicant is still employed by PwC when the donation is made.