Gift Aid
Gift Aid increases the value of your donations by allowing the College to reclaim basic rate tax on your gift.
The scheme applies to gifts of money by individuals who pay UK income and/or capital gains tax. Gift Aid donations are regarded as having basic rate tax deducted by the donor. The College reclaims the basic rate tax from HM Revenue & Customs (HMRC). The basic rate of income tax is 20 per cent, so £1,000 donated using Gift Aid is worth £1,250 to the College.
If you are a higher rate taxpayer then you can claim additional tax relief on your donations. HMRC will increase your tax-free allowance by the difference between 20% and 40%, or 45%, depending which rate of tax you currently pay.
The follow table highlights the next costs to donors and the gross benefit to the College:
| Single Gift | Net Cost to a 40% Tax Payer | Net Cost to a 45% Tax Payer | Gross Benefit to Dulwich College |
| £100 | £75.00 | £68.75 | £125.00 |
| £1,000 | £750.00 | £687.50 | £1,250.00 |
| £5,000 | £3,750.00 | £3,437.50 | £6,250.00 |
| £10,000 | £7,500.00 | £6,875.00 | £12,500.00 |
How to make a Gift Aid Donation
To make a Gift Aid donation you need to make a Gift Aid declaration, which is included on our gift form and online giving page. You can make a donation using Gift Aid if the amount of UK income and/or capital gains tax you have paid for the tax year in which you make your gift is at least equal to the amount of basic rate tax the charities you donate to will reclaim on your gift.
More Information
Please visit the HM Revenue & Customs website for more detailed information on Tax relief when you donate to a charity
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Development Office
0208 299 5335
development@dulwich.org.uk
