Making a tax efficient gift
From its foundation in 1959, Churchill College has depended on the generosity of philanthropic individuals. Our founder, Sir Winston Churchill, established the College with gifts from all over the world.
In the following decades, Members and friends of the College who wish to see it flourish have made generous benefactions, enabling Churchill to become a world-class centre of excellence in scholarship, teaching and research.
Gifts 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 45% 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%)
£31.25— if you pay tax at 45% (£125 × 20%) plus (£125 × 5%)
Tax efficient giving for European donors
If you are a European resident, you may be able to maximise your gift through Transnational Giving Europe (TGE). This is a collaborative giving scheme offered by a partnership of European foundations. It enables donors (both corporations and individuals) resident in one of the participating countries to offer financial support to non-profit organisations in other member countries. Beneficiaries benefit directly from the tax advantages provided for in the legislation of their country of residence. The scheme is currently operational for donations to Churchill College in the following countries: Bulgaria, Croatia, Belgium, Germany, Hungary and Spain.
To find out more please visit the TGE website. Alternatively, contact the Development Office or call +44 (0)1223 331660 for more information.
Gifts by US Taxpayers
If you are resident in the USA, you can make a tax-efficient gift to College through CAMBRIDGE IN AMERICA (CAm). To find out more please visit the CAm online resources.
Gifts by Canadian Taxpayers
The University of Cambridge is recognised by the Canadian Revenue Agency as a prescribed institution under Section 3503 of the Canadian Income Tax Regulations. We will ensure that you are sent a receipt for Canadian tax purposes on receipt of your donation, if requested.
Please contact the Development Office or call +44 (0)1223 336240 for further information
Donate online via our website
You can make a one-off gift using a credit card or debit card via our secure online giving page. We accept Mastercard, Visa and Maestro cards. If you have a UK bank account you can also set up a regular gift online (monthly, quarterly or annually).
Donate via telephone or by post
We are pleased to accept gifts made using a credit card or debit card by telephone. Call +44 (0)1223 331660.
We can also accept gifts by post. Please download, complete and return the donation form below or contact the Development Office and request the form by post. You can pay by credit card, UK debit card, cheque or direct debit. Cheques should be made payable to ‘Churchill College’.
Donate via bank transfer
Please notify the Development Office by email: firstname.lastname@example.org if you choose this option and ensure that the bank quotes your ‘Surname’ and preferred Fund to support i.e. ‘Grad Studentship Fund’ as the reference for the transfer.
- Bank: Lloyds Bank, 3 Sidney Street, Cambridge CB2 3HG
- Sort Code: 30-91-56 | Account number: 03114294
- Account Name: Churchill College Bursar’s Account
- IBAN: GB72 LOYD 3091 5603 114294
- SWIFT CODE: LOYDGB2L
- BIC NUMBER: LOYDGB21018
Donating non-cash assets
We welcome gifts of listed shares and securities which attract relief from Capital Gains Tax and Income Tax. Gifts of land or property made during a donor’s lifetime attract the same tax incentives as gifts of shares, and other forms of non-cash gift (such as works of art, books, manuscripts and equipment) may also be considered as gifts to Cambridge.
For further information, please contact the Development Director:
Giving via Cheque or the Charities Aid Foundation
Single gifts of any amount can be made by cheque, Charities Aid Foundation (CAF) voucher or online via the CAF website. Please make all cheques and CAF vouchers payable to ‘Churchill College’ and send them to the Development Office.
The College receives no extra tax benefit from gifts made by CAF voucher.
Under the Payroll Giving Scheme, employees can authorise their employer to deduct charitable donations from their pay before calculating Pay As You Earn tax. This means that the employee automatically gets tax relief on donations at his or her top rate of tax. There is no limit on the amount that can be given under the scheme. To find out more about payroll giving, please contact your Human Resources or Personnel department.
Many companies now operate gift-matching schemes. When an employee makes a gift to a registered charity, the company matches this donation (in full or in part). To find out if your company operates such a scheme, and to obtain a copy of their matching gift form, please contact your Human Resources or Personnel Department.
If you would like to increase the value of your support of Churchill College, please discuss the Matching Gift scheme with your employer.
Tax-efficient Gifts by Companies
When calculating their profits for Corporation Tax purposes, UK companies can get tax relief on gifts of listed shares and securities to Churchill College. UK companies no longer deduct tax from their donations, but simply pay the College the full donation and claim tax relief when calculating their profits for Corporation Tax.
For further information about how companies can help Churchill College, please contact the Development Director.