A commitment is undertaken to make annual, quarterly or monthly payments for an agreed number of years. This offers Eltham College a predictable flow of income over the medium term and spreads the cost of the gift.
Ways to Make a Gift
Regular Giving and One-Off Gifts
A cash gift of any value can be made by cheque, credit card or bank transfer. Alternatively, single or regular gifts can be made by credit or debit card through a secure link on our donations page https://elsc.london/misc/elthamians.html
Some employers operate a payroll giving scheme, whereby donations to Eltham College are deducted from your gross salary before tax, and so higher rate taxpayers need not remember to reclaim relief through self-assessment.
This is one of the most attractive methods of maximising the benefit to the school and minimising income and capital gains tax liability to the donor, attracting both income and capital gains tax relief.
The Company or unincorporated association simply pays a gross figure to Eltham College and claims tax relief when calculating Corporation Tax.
Many companies now match donations made to charity by their employees, either pound for pound, or in some cases, a double-match. Matching gifts usually require a simple form from your HR department that is sent to us for confirmation.
OEs and friends of Eltham College who are tax payers in the United States can make their gifts tax effective by directing them through the British Schools and Universities Fund BSUF.
Transnational Giving Europe (TGE) network is a practical and secure solution for tax-effective cross-border cash donations. Many EU countries take part in this scheme. Full details on overseas giving and tax efficiency can be found here.