Donations to the Foundation attract tax relief in various ways.
No one gives to charity just to spite the tax office, but the tax concessions available are certainly an incentive to help local causes. There are, in particular, great advantages in giving shares (see Land, Property and Shares) to the Community Foundation.
Charities are able to reclaim tax on all donations where the donor has completed a Gift Aid form. A single declaration may cover more than one donation.
The following information gives general guidance, but, if required, we can provide further information regarding your circumstances or you could consult your accountant or financial advisor.
Gift Aid
If you pay income or capital gains tax you can increase the value of your donation by making a gift aid declaration. The government will pay us the basic rate tax you paid on the donation, making a £100 donation worth £128. If you are a higher rate taxpayer you can make a tax reclaim for the difference between basic and higher rate tax. This means a donation worth £128 to us would cost a higher rate tax payer £77.
If you would like to make a one off or regular donations to the Foundation please complete the Gift Aid Form (Word document)
updated 22.12.2008