Grassroots Endowment Fund
Make A Donation
The Grassroots Endowment Fund makes now an exciting time to give, to
increase the value of your giving by up over 250% and to make a
difference to the Warrington community. Any donation that you make will
be used to benefit this community – you,
your family, your friends and
more.
We can accept donations in cash or in other forms of assets such as shares and property.
We can help you make donations in a tax-effective manner. The simplest way for taxpayers to donate is by Standing Order or by Direct Debit using Gift Aid. This can increase any donation by 28%, providing us with a further £28 for every £100 you donate, at no extra cost to you. Higher rate taxpayers can even reclaim the difference between basic rate and higher rate tax through their personal tax allowances.
You are now able to donate to the Warrington Grassroots Endowment Fund via thebiggive.co.uk website.
The Big Give is run on a not-for-profit basis and receives no income from charities or donors.
Donations (including Gift Aid) made through The Big Give are processed by Charities Trust, a UK registered charity (No. 327489) approved by HM Revenue & Customs.
Charities are not charged monthly fees from The Big Give or Charities Trust.
Charities Trust charges 4% on gross donations (donation plus Gift Aid). This nominal fee includes card charges and processing.
Both The Big Give and Charities Trust (the payment processor) use a secure SSL certificate to ensure all donation data is secure.
Donate through your Payroll
There is no restriction on the amount that can be given through the Payroll Giving scheme - up to an employee’s maximum taxable earnings - and every penny we receive from you will go towards supporting local people. The amount you choose to give is deducted from your salary before calculating Pay As You Earn (PAYE) tax. This way you automatically get tax relief on the value of donations at your top rate of tax. You can stop making a donation at any time.
If your employer is not registered for Payroll Giving it is quite straightforward to set up, then contact us for further advice on 01925 246880 or the Inland Revenue helpline on 0845 302 0203 for an information pack.
To download a payroll giving form click here (Word.doc)
Gift Aid
A donation can be made under the Gift Aid scheme by any individual UK taxpayer. You need to have paid enough tax in the year to cover the amount we will be reclaiming on your gift. There is a limit to the value of benefits that you can receive in return for any donation made under this scheme.
Donations made under Gift Aid, no matter how large or small, are increased by 28% by the Inland Revenue. This means we benefit by an extra £280 for every £1000 donated, at no extra cost you. Higher rate taxpayers can reclaim the difference between standard and higher rate tax in their self-assessment return.
Example
Mr Smith makes a gift of £1,000. By completing a Gift Aid declaration form, Warrington Grassroots Endowment Fund is able to claim back a further £280 from the Inland Revenue.
If you are a higher rate taxpayer, you have the right to reclaim tax on your donations. All you have to do is remember to include details of your charitable gifts on your self-assessment tax form to claim your additional personal tax relief of 20%. Furthermore, since April 2003, higher-rate taxpayers have been able to reclaim tax relief from donations paid to charity both during the previous tax year and during the current tax year, which means that the relief is paid that much more quickly
Example
Ms Jones wishes to make us a donation of £10,000. The Warrington Grassroots Endowment Fund reclaims tax on her donation - £2,800. However, Ms Jones is a higher-rate taxpayer, so she is able to claim tax relief on this gift too. She is eligible to claim the difference between the higher rate of tax (40%) she has paid on her salary, and the basic rate of tax (20%) reclaimed by us (40% - 20% = 20%). Thus, the gross value of Ms Jones' gift to the charity being £12,800, she is entitled to the following tax relief: £12,800 (gross donation) x 20% = £2,560 tax relief. In other words, the Warrington Grassroots Endowment Fund has received £12,800 but the donation has actually cost Ms Jones £7,440.
Businesses
Businesses can get tax relief when they give money, whether as a one-off or a regular payment, under the Gift Aid scheme. There is no limit to the amount that the business can give, but the way you get tax relief will depend upon whether the business is a company, a sole trader or a partnership and depend on their tax rate. Any gift made by a partnership is treated as being made by the individual partners in equal amounts, unless otherwise specified.
To make a donation under Gift Aid you need to complete and sign a simple Gift Aid Declaration form and return it to us. This covers all future donations you make to us.
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