Tax Effective Giving
Gift Aid
UK taxpayers
For individuals who are UK tax payers, using Gift Aid means
that for every £1
you give, we get an extra 28p from the Inland Revenue, making
your donation go further. This means that £100
can be turned in to £128 through
the Gift Aid scheme. Imagine what a difference this could
make, at no extra cost to you.
Most gifts by individuals to The Courtauld are eligible for
Gift Aid including Annual Fund, Friends and Samuel Courtauld Society memberships. All gift forms on this site include the option to give through the Gift Aid scheme, as does the donate online facility. Where your gift might be eligible for Gift Aid you
will see this logo.
Then just sign [or if giving online check the box] of the
Gift Aid declaration – it
is as simple as that.
Higher rate tax payers
If you are a UK higher rate tax payer you can claim tax relief
through your tax return of 18% - the difference between the
standard rate of income tax (22%) and the higher rate (40%).
Gift Aid example for regular and higher rate tax papers
Value to The Courtauld |
|
Net/Actual Gift |
100.00 |
20% basic rate tax recoverable |
25.00 |
Government contribution (3% of net gift) |
3.00 |
Total Value of Gift including Gift Aid |
128.00 |
Cost to the (higher rate taxpayer) Donor |
|
Net Gift |
100.00 |
Higher Rate Relief (£125 x 20%) |
(25.00) |
Total gift cost to donor |
75.00 |
US Tax Payers
The American Foundation for The Courtauld Institute of Art (a 501 (c) (3) charity) enables US taxpayers who wish to support The Courtauld to make gifts that are tax deductible for US income tax purposes. Find out more.
Further information
For further information on tax effective giving opportunities
at the Courtald click here.
For further information on the tax treatment of charities and
charitable giving refer to the HMRC website at www.hmrc.gov.uk/charities/