Gift Aid is a great way for you to boost your donations to Dollar Academy, enabling your generous donation to achieve even more.
All gifts from UK taxpayers are eligible for Gift Aid, enabling us to reclaim an additional 25p for every £1 that you give.
Once you have made a Gift Aid declaration to us, you do not need to do anything further unless your circumstances change. We then claim the Gift Aid relief directly from HMRC, topping up your original donation. Gift Aid declarations can also be made to cover donations made in the previous 4 years if you haven’t done so before.
In addition, if you are a higher rate tax payer you can reclaim the balance between standard and higher rates of tax. Examples of how this could affect your giving are in the table below.
To complete a Gift Aid declaration, you can download a form here. Please then forward your form by email to fundraising or by post to Fundraising, Dollar Academy, Dollar, FK14 7DU.
|Your gift to Dollar||Total value of your gift to Dollar||Actual cost of your gift for 40/45% taxpayers|
|£100||£125||£75 / £68.75|
|£500||£625||£375 / £343.75|
|£1,000||£1,250||£750 / £687.50|
|£5,000||£6,250||£3,750 / £3,437.50|
Gift Aid is a UK government scheme that enables the Academy to claim tax relief on donations from UK taxpayers. We would encourage all eligible donors to take up this scheme to maximise their donation. For every £1 a UK taxpayer donates, 25p in reclaimed tax is added. This means that a £100 gift with Gift Aid is worth £125 to the school.
Donations from companies are not eligible for Gift Aid. However, the company can treat the gift as an allowable expense, making a saving on corporation tax.