Ways of Giving
Regular Payments
Regular payments under the gift aid scheme offer a most effective way for many donors to give their support to the school as they enable significant funds to be given over time by way of monthly, quarterly or annual contributions. Under the gift aid scheme you can spread the cost of your gift over a number of years whilst enabling the school to recover the income tax you have already paid. With the basic rate of income tax at 20%, for every £100 you donate to Wilson’s, the school will receive an extra £25 at no extra cost to you. Higher and additional rate tax payers can also claim further relief via their annual tax returns.
Single gifts
For those who would prefer to make lump sum payments, giving by gift aid is also the most tax-efficient method of contributing.
Higher & additional rate tax relief
If you are a higher or additional rate tax payer, you can claim tax relief via your annual tax return on all gifts made via the gift aid scheme. For a higher rate tax payer the amount recoverable from HMRC is calculated as 20% of the gross value of your gift. Additional rate tax payers can recover 25% of the gross value.
Major gifts
| Payments by standing order for 7 years | Actual annual (7 year) cost to a higher (40%) rate taxpayer (£) | Actual annual cost to a company over 4 years (£) | Single payment by Gift Aid (£) | Actual total cost to a higher rate taxpayer (£) | ||
| Major Gifts (£) | Annually (£) | Monthly (£) | ||||
| 500,000 | 57,143 | 4,762 | 42,857 | 101,250 | 400,000 | 300,000 |
| 100,000 | 11,429 | 952 | 8,571 | 20,250 | 80,000 | 60,000 |
| 20,000 | 2,285 | 190 | 1,714 | 4,050 | 16,000 | 12,000 |
| 10,000 | 1,143 | 95 | 857 | 2,025 | 8,000 | 6,000 |
| 5,000 | 572 | 48 | 429 | 1,013 | 4,000 | 3,000 |
In order to meet its challenging targets, the school seeks to raise a number of substantial, pace-setting gifts, as illustrated in the table above.
Figures are based on basic rate tax of 20%, higher rate tax of 40% and Corporation Tax of 19%. These figures have been rounded up.
Donations by companies
Companies can claim Corporation Tax relief on all donations to charities.
Trust donations
You may have a CAF charity account or access to a charitable trust through which you may wish to make your gift. Whilst there will be no tax recoverable by the School, giving in this way is an attractive option for many donors.
Gifts of shares
Gifts of publicly quoted shares, in addition to being exempt from Capital Gains Tax liability, enable the donor to claim income tax relief on the current value of the shares, which can make such gifts extremely tax-efficient.
Donations from overseas
If you wish to make a gift to Wilson’s from overseas, please speak with the Director of Development. Gifts from US donors can be made tax-efficiently through an IRS approved 501 (c) (3) organisation.
Naming opportunities and In Memoriam gifts
We offer several opportunities for major benefactors to associate their names, or the names of their families or companies, with particular aspects of the renewal and outreach campaign.
Trust donations
You may have a CAF charity account or access to a charitable trust through which you may wish to make your gift. Whilst there will be no tax recoverable by the School, giving in this way is an attractive option for many donors.
Online giving
It is easy to give to our Renewal and Outreach Campaign. Please click the PayPal Donate button below, or scan the QR code.
