UK
tax payers
Clare College Cambridge is an exempt charity (number X3883)
under the terms of the 1960 Charities Act. This means that gifts
to Clare by UK tax payers count as charitable gifts.
Single gifts of cash
Regular giving
Gifts of listed shares and securities
Gifts of property
Payroll giving
Giving via the Charities Aid Foundation
Single
gifts of cash
All cash donations to the
College by UK tax payers are covered by the Gift Aid scheme. Under
Gift Aid, the College can recover £28.21 from the Inland Revenue
for every £100 donated – at no extra cost to the donor. In
addition, donors who are higher-rate tax payers can reclaim an additional
£23.08 on every £100 donated (assuming a basic rate
of Income Tax of 22% and a higher rate of 40%).
To make a single gift, please complete a Single
Gift Form and a Gift Aid Form,
and send them, with your gift, to Clare College Development Office,
Freepost CB422, Cambridge CB2 1BR (Freepost service available
within the UK only). Single gifts can also be made by credit
card.
Regular giving
Regular giving – donations
made in monthly, quarterly or annual instalments, for a fixed or
indefinite period – is also covered by the Gift Aid scheme. 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 is a higher-rate taxpayer). A gift
at this level will fund an undergraduate bursary in perpetuity.
To set up a regular gift, please complete a Regular
Giving Form and a Gift Aid
Form, and send them to Clare College Development Office, Freepost
CB422, Cambridge CB2 1BR (Freepost service available within the
UK only).
Gifts of listed shares, securities
and real property
Gifts of listed shares,
securities and real property by UK tax payers attract full relief
from Capital Gains Tax and, in addition, allow the donor to claim
Income Tax relief on the full value of the gift at the time the
shares, securities or real property are transferred to the College
– a double tax saving.
To make a gift of listed shares, securities or real property, please
contact the Development
Director, who will be pleased to assist.
Gifts of possessions, e.g. works
of art
Gifts of possessions are
exempt from Capital Gains Tax.
To discuss how best to make such gifts, taking account of your particular
circumstances and how to maximise their value to the College, please
contact the Development
Director, who will be pleased to assist.
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.
Giving via the Charities Aid Foundation
Single gifts of any amount can be made by Charities Aid
Foundation (CAF) voucher. The College receives no extra tax benefit
from gifts of this kind.
To make a gift by CAF voucher, please make it payable to ‘Clare
College' and send it, together with a completed Single
Gift Form, to Clare College Development Office, Freepost CB422,
Cambridge CB2 1BR (Freepost service available within the UK
only).
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