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To find out how your business can set up a named fund please contact us.
Your business plays a vital role in the community, providing local jobs, supporting the economy, and creating positive impact. Many businesses, like yours, aim to give back to their community yet find it challenging to manage all the donation requests they receive. That’s where we come in.
Your business plays a vital role in the community, providing local jobs, supporting the economy, and creating positive impact. Many businesses, like yours, aim to give back to their community yet find it challenging to manage all the donation requests they receive. That’s where we come in.
With a Corporate Named Fund through our Foundation, you can make your charitable giving more impactful, strategic, and hassle-free.
1. Targeted, Effective Giving
We bring expertise to your charitable giving, ensuring donations make a meaningful difference. Your fund can focus on the area your business serves or on causes that align with your industry.
2. Aligned with Business Values
Your fund can be tailored to reflect your company’s values and Corporate Social Responsibility (CSR) goals. We’ll work with you to ensure your giving is active, thoughtfully planned, and resonates with your core mission.
3. Leave Administration to Us
No need to worry about managing requests from charities or the details of awarding grants. We handle all aspects of fund administration, so you can focus on growing your business.
4. Public Relations and Communications Support
We promote your fund and any grants awarded, helping you highlight your positive impact. This boosts your company’s public profile and deepens your connection to the community.
5. Dedicated Fund Page
Your fund will have a branded page on our website, showcasing your business’s commitment to the community and celebrating the impact of your generosity.
Take a step towards impactful, sustainable giving that benefits both your business and the community you’re part of. Contact us to find out how a Corporate Named Fund can support your goals and help create lasting change.
By making a Gift Aid donation, charities can receive extra funds without any additional cost to you as a UK taxpayer. The donation is treated as if basic rate income tax had already been deducted, allowing the charity to reclaim that tax from HM Revenue & Customs (HMRC). For example, a donation of £10,000 with Gift Aid allows the charity to claim an additional £2,500, meaning the charity receives £12,500 in total.
Higher rate taxpayers can claim back the difference between the higher rates of tax (40% or 45%) and the basic rate (20%) on the total donation value. For example, a 40% taxpayer donating £10,000 can reclaim £2,500, meaning the net cost to the donor is £7,500, while the charity still receives £12,500.
If you complete a Self-Assessment tax return and are due a repayment from HM Revenue & Customs (HMRC), you can choose to donate some or all of that refund directly to charity through the SA Donate scheme. This allows taxpayers to support charitable causes as part of the tax return process. The donation is made from the repayment owed to you, making it a simple and tax-efficient way to give while completing your annual tax return.
Contributions to charity through Payroll Giving can be made in any amount and are taken directly from your salary before tax is deducted. Because donations are made from your gross pay, the amount of tax you pay is reduced. This provides a simple and tax-efficient way to give regularly through your employment.
Leaving a gift to charity in your will can reduce the Inheritance Tax due on your estate. You can choose to leave a fixed amount, a specific item such as shares or property, or a portion of your estate to support causes that matter to you.
Tax relief is available when donating certain shares, securities, or investments to charity. When qualifying investments are given to a UK charity, donors may receive income tax relief on the value of the donation, and capital gains tax may also be avoided, making this a highly tax-efficient way to give.
Donations made by a limited company to charity can be deducted from the company’s total profits before Corporation Tax is calculated. This means businesses can support charitable causes while benefiting from tax relief. However, corporate donations are not eligible for Gift Aid.
Companies may also receive Corporation Tax relief when donating land, buildings, or qualifying shares to charity, or when selling them to a charity for less than their market value. This can provide a tax-efficient way for businesses to support charitable causes while making use of company assets.
To find out how your business can set up a named fund please contact us.