Gifts of cash by UK taxpayers
The Gift Aid scheme covers all cash gifts to Churchill College (Registered Charity No. 1137476) made by individuals who are UK taxpayers. Under the Gift Aid scheme the College can reclaim the basic rate tax from HM Revenue & Customs (HMRC) on its 'gross' equivalent i.e. the amount before the basic rate tax was deducted. The basic rate of tax is 20%; therefore if you make a donation of £100 and sign a Gift Aid Declaration, it is worth £125 to us at no extra cost to you.
If you pay higher rate tax, you can claim the difference between the higher rate of tax 40 and/or 50% and the basic rate of tax 20% on the total 'gross' value of your donation.
For example, if you donate £100, the total value of your donation to the charity is £125 – so you can claim back:
- £25 – if you pay tax at 40% (£125 × 20%)
- £37.50 – if you pay tax at 50% (£125 × 20% plus £125 × 10%)
 | Gift Aid Form |
Regular gifts
Regular gifts can now be made tax-efficiently by UK taxpayers under the Gift Aid scheme. This has replaced the old deed of covenant arrangements, but the tax benefits remain the same. To set up a regular gift, all that is required is a Banker's Order or Direct Debit arrangement, coupled with a Gift Aid declaration (both forms available on request from the Development Office). Giving by standing order or direct debit helps to spread payments, which may be made monthly, quarterly or annually, according to preference. The tax benefits of regular giving are significant, both for the donor and for the College. For example, a gift costing the donor £250 per month net, over a five year period is worth £25,000 to the College (providing the donor also forwards the higher-rate portion). A gift at this level will fund an undergraduate bursary in their name in perpetuity.
Single gifts
Single gifts of any amount can be made tax-efficiently by individuals who are UK taxpayers, through the Gift Aid scheme.
