Gift Aid

Gift Aid

Support Eltham College

Tax Benefit on Charitable Giving in the UK

Donations by individuals to Eltham College are tax free. This is called tax relief. Your donations will qualify as long as they are not more than 4 times what you have paid in Capital Gains or Income tax in that tax year (6 April to 5 April).
You will need to make a Gift Aid declaration for the charity to claim and you can include all donations from the last 4 years.

How Gift Aid Works

Eltham College is a registered charity, No. 1058438. The Gift Aid scheme is for gifts of money by individuals who pay UK tax and means that for every £100 you give through Gift Aid, it will be worth £125 to Eltham College. Further information about Tax-Relief and Gift Aid can be found on the HMRC website.

Download a Donation FormDownload our Gift Aid form here

Tax Efficiency for Overseas Donors

Tax-Efficiency for donors in the US

Eltham College is now a member of the British Schools and University Fund and have a listing on their website. Gifts may be made to the Foundation expressing preference for support of Eltham College. By donating to BSUF, your donation qualifies for current year tax-deduction. They then send the donations to us on a regular basis. There are a number of ways to donate to Eltham College via BSUF which can be found here Some of the most common ways to donate are listed below

Gifts made by cheque
Gifts may be made to the Foundation expressing preference for support of Eltham College. Cheques should be made payable to British Schools and Universities Foundation, Inc. (or BSUF) and postmarked on or before December 31st to qualify for current-year tax deduction.

If you send your donation directly to the BSUF please use the BSUF Donor Transmittal Form. These should be mailed to: British Schools and Universities Foundation, 641 Lexington Avenue, 15th Floor, New York, NY 10022-4503

Gifts made by credit card
British Schools and Universities Foundation, Inc. has partnered with Network for Good to securely process your online credit card donation via the Network for Good Donor Advised Fund (tax ID 68-0480736). This transaction will appear on your credit card statement as “Network for Good.”

Matching Gifts
Your employer may have a Matching Gift Program which could double or triple the value of your gift. Your employer will provide you with a form, which, when completed should be sent along with your cheque to BSUF. Alternatively, you can make your gift online but of course this doesn’t qualify for tax relief.

Tax-Efficiency for European donors

Twenty-one European countries are now giving tax efficient benefits for cross-border philanthropic gifts and donations to help and support foreign charities. If you pay tax in a European country, you may be eligible to receive tax benefits as a result of the decision by the European Court of Justice in January 2009.

At a European level, Transnational Giving Europe (TGE) network is a practical and secure solution for tax-effective cross-border cash donations. TGE Partners includes 21 countries and enables donors resident in one of the participating countries to financially support nonprofit organisations in other Member States, while benefitting directly from the tax advantages provided for in the legislation of their country of residence.

European donors wishing to receive tax relief for cross-border donations, will need to contact their local partner office. For complete information please contact the Transnational Giving Europe (TGE).

If you have any further questions please do not hesitate to contact the Development Office at [email protected] or on 020 8851 984

Ways to Make a Gift

Regular Giving and One-Off Gifts

Regular Giving

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. Set up your gift here.

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 financial support page.

Payroll Giving

Some employers operate a payroll giving scheme, whereby donations to Eltham College are deducted from your gross salary before tax, so higher rate taxpayers need not remember to reclaim relief through self-assessment.

Giving Shares

This is one of the most attractive methods of maximising the benefit to the school whilst minimising income and capital gains tax liabilities to the donor, instead attracting both income and capital gains tax relief.

Company Giving

The Company or unincorporated association simply pays a gross figure to Eltham College and claims tax-relief when calculating Corporation Tax.

Matching Gifts

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.

Giving From Abroad

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.