Standing order
You can make a monthly donation to Iontaobhas na Gaelscolaíochta through TACA which is a subiduary company TACA. TACA manage a scratch card lottery, collection boxes and the Standing order payment scheme. Gift Aid can also be claimed if you are a UK (or Republic of Ireland tax payer).
Direct Donations
You can donate directly to the Iontaobhas na Gaelscolaíochta by cheque or standing order.
Cheques should be made payable to Iontaobhas na Gaelscolaíochta and sent to:
Iontaobhas na Gaelscolaíochta,
199 Falls Road,
Belfast
BT12 6FB
Gift Aid
Gift Aid enables charities to reclaim the basic rate of income tax on all their donations from individuals.
All you have to do is confirm to Iontaobhas na Gaelscolaíochta either verbally or in writing, that you are a taxpayer. This confirmation only needs to be completed once and is valid for as long as you remain a taxpayer.
The Gift Aid rules are slightly different in respect of corporate donations. The company makes the gift in full to the charity and deducts the amount from its profits when assessing its corporation tax. The charity does not have to reclaim any money and the company no longer needs to provide a Gift Aid Certificate.
Example (for an individual)
|
£ |
You give |
10,000 |
Charity reclaims |
2,820 |
Your total gift, including Gift Aid |
12,820 |
Calculate your own contribution
Give As You Earn (GAYE)
Payroll giving is another tax efficient way to give. GAYE donations are deducted directly from your pay before tax, and is therefore tax free. This means that, by using GAYE, it actually costs you less to give. The table below shows exactly how much.
Your donation to charity (gross) |
|
Cost to you @ 22% tax (net) |
|
Cost to you @ 40% tax (net) |
|
Value of your donation |
£5.00 |
£3.90 |
£3.00 |
£5.00 |
|||
£10.00 |
£7.80 |
£6.00 |
£10.00 |
|||
£50.00 |
£39.00 |
£30.00 |
£50.00 |
If you give £10 per month the cost to you is £7.80 (at basic rate tax), but the Iontaobhas na Gaelscolaíochta receives the full £10.
A company can encourage and boost employee support by a Matched Giving Programme. The Charities Aid Foundation can set up and run a corporate Matched Giving Programme on a company’s behalf, so the demands on management time are minimal.
Giving Stocks and Shares
Should you decide to give to Iontaobhas na Gaelscolaíochta in the form of quoted shares, it is worth noting that this is exempt from Capital Gains Tax, which means that Iontaobhas na Gaelscolaíochta will benefit fully from any profit which has been made on the investment. Individuals can also claim Income Tax Relief on the market value of their shares. This double tax benefit also applies to Unit Trusts and Open Ended Investment Companies (OEICs).
An alternative to an outright gift is to sell shares to the Iontaobhas na Gaelscolaíochta for below their market value. You can then gain tax relief against your taxable income.
Legacies
Anyone with personal assets may wish to plan to make a donation in the form of a legacy. A legacy can ensure that the benefits of your giving last far beyond your lifetime.
Legacies to charity are exempt from Inheritance Tax.
Information for US Citizens
There are ways in which you can directly support the work of Iontaobhas na Gaelscolaíochta through the Trust Fund for Irish-Medium Education :
Northern Ireland Community Foundation
Community House
Citylink Business Park
Albert Street
Belfast
BT12 4HQ
Contact:
Tel: +44 (0) 28 90245927
Fax: +44 (0) 28 90329839
Email: info@communityfoundationni.org
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