What is Gift Aid?
Gift Aid is an income tax relief designed to benefit charities. If you’re a UK taxpayer, Gift Aid increases the value of your charity donations by 25% because the charity can reclaim the basic rate of tax on your gift at no extra cost to you. This means for each £1 you donate, we could be recieveing an extra 25p in 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. Charities take your donation - which is money you've already paid tax on - and reclaim the basic rate tax from HM Revenue & Customs (HMRC) on its 'gross' equivalent - the amount before basic rate tax was deducted.
In order for us to claim Gift Aid on your donation to Velindre, you’ll need to complete a Gift Aid declaration form. Please complete this simple Gift Aid declaration form and return it to us to the *address below. One form can cover every gift made to Velindre for whatever period you choose, and can cover gifts you have already made and/or gifts you may make in the future, so you only have to complete it once, unless your details change.
A Gift Aid declaration must include:
- your full name
- your home address
- the name of the charity
- details of your donation, and it should say that it's a Gift Aid donation
*Return the completed gift aid form to: Velindre Fundraising, Velindre Cancer Centre, Velindre Road, Whitchurch, Cardiff, CF14 2TL or email it to: email@example.com
Gift Aid & Fundraising
When you are fundraising for Velindre, you will be able to use sponsorship forms and online sponsorship pages (Just Giving, My Donate, Virgin Money Giving) which allow each person donating to state whether or not Gift Aid can be claimed on their donation. At the end of your fundraising, please return your sponsorship forms so that we can make the Gift Aid Claim.
Gift aid cannot be claimed when you are:
- Making a donation in return for something, E.G.: raffle tickets, and auctions or goods and services, event tickets to an event – because you are getting something in return for your donation.
- Making a donation on behalf of someone else or a group of people. For example, if a friend gives you £10 which you donate to your Fundraising Page using your own card and details. Even if your friend is a UK taxpayer, the donation is not eligible because HMRC needs to know the details of the person actually contributing the funds.
- Making a donation on behalf of a business. You can only make Gift Aid declarations on your own taxpayer status when spending your own money.
- Making a donation to a family member who's taking part in an event and their charity is contributing to the cost. For example, if you're donating to a close family member who is doing an overseas trek and the charity is paying for the cost of their trip. If your fundraising is covering the cost of an overseas event, you can only claim gift aid on the amount that will be donated to Velindre.
So for example; Peter has signed up with a charity to trek along the Great Wall of China. The cost of the trip is £1,000 which includes flights, accommodation and meals. The charity is covering this cost. In return, Peter has paid the charity a non-refundable registration fee of £200, and must raise a minimum sponsorship amount of £2,500. In return for raising £2,500 for the charity, Peter is receiving a benefit worth £800 (£1,000 less the registration fee of £200), so gift aid can be claimed on donations above this £800. If Peter were paying the cost himself, all donations could be gift aided.
If you are unsure whether or not your donation is eligible for gift aid, give us a call on 02920 316211 and we can help you.
Velindre Fundraising holds your details to keep a record of your donation, managed in accordance with Data Protection. We will never share your details.
DATA PROTECTION: Velindre Fundraising will hold your name and address for information purposes, to keep a record of your donation. The data we hold about you is managed in accordance with the Data Protection Act 1998. We will never share your personal details with any other charities or organisations.