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.

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Gift Aid Form


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 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%)


Gifts of cash 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.

Visit CAm


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.


Donations by Credit or Debit card

Donations can be made by all major debit and credit cards (except American Express), in person or over the telephone. To make a credit or debit card donation please call:

The Development Office on T: +44 (0)1223 336240.


Gifts of listed Shares and Securities

Churchill College welcomes gifts of listed shares and securities. New measures that came into force in April 2000 make donations of this kind particularly attractive to donors. Gifts of listed shares and securities by UK taxpayers attract full relief from Capital Gains Tax and, in addition, allow the donor to claim Income Tax relief on the full value of the shares or securities at the time they are transferred to the College — a double tax saving.

For further information, please contact the Development Director:

john.pennant@chu.cam.ac.uk

Gifts of Property

Gifts in kind such as property and possessions avoid any Capital Gains Tax on the donor. To discuss how best to make such gifts, taking account of the particular circumstances of the donor, and how to maximise their value to the College, 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.


Payroll Giving

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.


Matching Gifts

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.