Gift Aid

The Gift Aid scheme is for gifts of money by individuals who pay UK tax. Gift Aid donations are regarded as having basic rate tax deducted by the donor. The Community Foundation will accept your donation - which is money you've already paid tax on - and reclaim the basic rate tax from the Inland Revenue on its 'gross' equivalent - the amount before basic rate tax was deducted. Standard rate tax payers can fill in a form that allows gift aid to be added to their donations. Basic rate tax is 20 per cent, so this means that if you give £10 using Gift Aid, it's worth £12.50 to the Community Foundation. For donations before 5 April 2011 the charity will also get a separate government supplement of three pence on every pound you give.

Claiming back higher rate tax

Those donors who pay higher rate tax can claim the difference between the higher rate of tax (40 per cent) and the basic rate of tax (20 per cent) on the total (gross) value of their donation to One Community. For example, if the donation is £100, the actual total value of that donation to the charity is £125 - so the donor can claim back 20 per cent of this (£25) for themselves.

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"you can quite simply double your charitable donations within the community. In fact, if you are a UK taxpayer, Gift Aid will add even more benefit. "