Ways of Giving
Every donation, whatever its size, can make a genuine difference to the education of Clifton’s boys and girls. Donations to the school represent tax-efficient giving opportunities, through gift aid, tax rebates for highest earners, and tax deductible donations for US citizens.
As a registered Charity we can reclaim tax on all donations made by UK taxpayers. For every £100 donated we will receive an extra £25 at no extra cost to you. If you pay a higher rate tax, you can also claim the difference between the higher rate of tax 40 and/or 45% and the basic rate of 20% on the total gross value of your donation.
For example: If you donate £100, the total value of your donation is £125 – so you can claim back:
£25 – if you pay tax at 40% (£125 x 20%)
£31.25 – if you pay tax at 45% (£125 x 20%) plus (£125 x 5%)
|Total Gift Value to College incl Gift Aid (£)||Equates to £/month over 5 years||Amount Given (£)||Actual Cost to 40% Tax Rate Payer (£)||Actual Cost to 45% Tax Rate Payer (£)|
This will allow you to give directly to us from your gross salary. These donations are not eligible for Gift Aid but gives immediate tax relief of up to 45% on the donation. Your employer has to register for scheme.
Many companies will help charities through a matched giving scheme. Some will match pound for pound, and others will even double match donations made to registered charities by its employees. Ask your employer if they participate in this scheme.
United States taxpayers can make tax efficient donations via the Clifton College Development Trust Named Fund under the Chapel & York Foundation, Inc is a 501(c)(3) tax-exempt organisation. Donations to the foundation are tax-deductible to the extent allowed by law. The Chapel & York Foundation will send you the receipt you need for your tax return.
Hong Kong taxpayers can make tax efficient donations via the Clifton College Development Trust Named Fund under the Chapel & York HK Foundation. The foundation is a registered charity in Hong Kong under Section 88 of the Inland Revenue Ordinance. Donations to foundation are tax-deductible to the extent allowed by law. The Chapel and York HK Foundation will send you the receipt you need for your tax return.
The 1862 Club recognises those who have notified Clifton that they have formalised a Legacy for the school.
For more information please contact the Development Office.