Gifts of cash by Canadian taxpayers
In order for a charitable gift to be tax-deductible in Canada, it must be to a 'prescribed university outside Canada'. The University of Cambridge is prescribed for this purpose in the Canadian tax code. The procedure for making a tax-deductible gift to benefit Churchill College is therefore as follows:
Make your gift payable to the 'University of Cambridge' and send it to:
The Cambridge Foundation, 1 Quayside, Bridge Street, Cambridge CB5 8AB, UK.
In your covering letter, request a receipt from the University of Cambridge for income tax purposes, and clearly state that the gift is for Churchill College, and request that the Cambridge Foundation passes the gift to Churchill College.
Once it has been received from the University of Cambridge, your receipt can be submitted to the Canadian tax authorities, enabling you to offset the gift against income tax.
