Using Gift Aid makes your donation worth more to us
What is Gift Aid?
Maximise your donation to Endeavour at no extra cost to you!
Your donation to Endeavour will be worth more when you use Gift Aid. It’s a simple process, it doesn’t cost you anything to set up and we reap the benefits of the extra amount added on top of your donation. What’s even better, we get the extra every time you make a donation – it’s all about reclaiming the paid tax.
When you make a donation to a charity, not just Endeavour, the charity is able to claim back the tax that you have initially paid on the donation. This mechanism is called Gift Aid and the monetary value amounts to an extra 25p for every £1 that you give.
How does Gift Aid work?
When you make a charitable donation and you are a basic rate taxpayer (20%), you will have already paid tax on the money you give. Gift Aid enables charities like Endeavour to reclaim the tax paid. All you need to do is sign and Gift Aid form, we can then claim the money from the Government.
Example: As a basic rate taxpayer, for every £10 you earn, you have paid £2.50 in tax (£12.50 gross before tax). If you donate that £10 to a charity, we are able to claim back the £2.50 from HMRC, thus making the value of your donation £12.50 to us.
Who is eligible?
Gift Aid can be applied to any UK charity that is registered with HMRC.
You must be a UK taxpayer for your donation to qualify for Gift Aid. This can either be Income or Capital Gains Tax, but you must have paid enough in the tax year that you make the donation to at least cover the amount that the charity will claim (25p per £1).
What you need to do
When making a donation to Endeavour, you will need to inform us that you are a UK taxpayer and that you want us to reclaim the tax on your donation. You will do this by making a Gift Aid Declaration, by completing a simple form that we provide.
Return the completed form to:
Endeavour Project, 26 Chorley New Road, Bolton, BL1 4AP
Alternatively, you can make a donation via the Endeavour Just Giving.
If you have any queries contact us on: tel: 01204 394842