Gift Aid can apply to donations of any amount made by cash, cheque, Standing Order, Direct Debit, debit or credit cards.
Self-Assessment Tax Return
If you fill in an annual Self-Assessment Tax Return, you are now able to give some or all of any tax refund that you may be due to a charity of your choice, by simply ticking the box on your Self-Assessment Tax Return and quoting the QMUL Foundation’s unique reference number YAT 56FG. Please contact Susan Nettle at s.nettle@qmul.ac.uk for more advice.
UK Government’s Matched Funding Scheme
By encouraging donor support, the UK Government is hoping that its Matched Funding Scheme for Higher Education in England will promote a culture of philanthropic support from alumni and friends that will outlast the duration of the scheme.
Queen Mary, University of London will receive an additional 50 per cent on top of the total value of the original gift made between 1 August 2008 and 31 July 2011(2:1 private:public).
This includes gifts from UK and overseas donors.
Tax efficient giving
Tax efficient giving can enhance the value of your gift to the Queen Mary, University of London Foundation if you are a UK tax payer.
Gift Aid
The value of your gift to the Queen Mary, University of London Foundation can be enhanced by more than 28 per cent if you sign a Foundation Gift Aid Declaration.
Examples:
Basic-rate tax payer
Donation to QMUL Foundation: £100
Amount reclaimed from HMRC: £25
Transitional Relief: £3.20
Total received by QMUL Foundation: £128.20
Higher-rate tax payer
Donation to QMUL Foundation: £100
Amount reclaimed from HMRC: £25
Transitional Relief: £3.20
Total received by QMUL Foundation: £128.20
Amount reclaimed by donor on tax return: £25
Cost to donor to give £125 to QMUL Foundation: £75
Matched Funding scheme reaches the half-way mark
With 18 months remaining, there is still plenty of time to ensure that your gift, which could make a real difference for a student at Queen Mary, is further enhanced by support from the Government.
Queen Mary, University of London needs to raise £2.7 million in order to benefit fully from the scheme. So far we have raised over 50 per cent of the total which is already being used to support new areas of research in the William Harvey Research Institute, as well as providing new bursaries and opportunities for undergraduate and postgraduate students across the College.
In order to sustain this momentum and ensure we reach our target we need your support.
For example, making a gift between now and 31 July 2011:
Your gift |
Total you give |
Gift Aid adds |
Matched Funding |
Total received |
Single gift |
£100 |
£25† |
£62.50 |
£187.50 |
Annual gift of £100 |
£200 |
£50 |
£125 |
£375 |
£15 per month for 18 months |
£270 |
£68.40 |
£169 |
£507.40 |
A gift of £534 within each financial year until 31.07.11 |
£1,602 |
£400.50 |
£1000 |
£3,000* |
* This would provide extra support for an undergraduate student with £1,000 for each year of their three year degree programme beginning in September 2011.
† The Matched Funding Scheme is only able to support standard Gift Aid on donations.