All donations should be paid to the Minerva Educational Trust, the fundraising arm of Kelvinside Academy. The Kelvinside Academy Minerva Educational Trust is a registered Scottish Charity – SCO37138.
Ways of Giving
This year, in conjunction with the PTA, we are creating an outdoor Roof Garden which will be to the benefit of both Junior and Senior School pupils. This will be an outside teaching area as well as an area for quite time, reflection and innovative thinking. Alongside this, our Bursaries create tremendous opportunity for children who could not otherwise afford the excellent education on offer at Kelvinside. If you wish to make a difference please down load the Gift Aid Form and return to Development Manager, Elaine Solman, indicating which area of the School you wish to benefit from your donation.
Gift Aid It
What is Gift Aid?
Gift Aid is a simple way for the School, as a charity, to increase the value of gifts of money we receive from UK taxpayers.
How does Gift Aid work?
When a UK taxpayer gives a gift of money to a charity, tax has already been paid on that money. This money therefore qualifies for Gift Aid. Because we are exempt from tax, we can claim an amount equal to the tax paid by the donor on their donation as arepayment from HM Revenue & Customs (HMRC) at no cost to the donor.
How much is Gift Aid worth?
Gift Aid currently allows us to claim back 25p for every £1 you give to us, boosting the value of your donation by a quarter. All we need from you is permission to reclaim the tax you have paid to HMRC. You grant us permission to do this by ticking the Gift Aid It box on the donation form.
If you pay tax at the higher rate you can reclaim the difference between the amount and the basic rate on your own tax return.
For companies, simply pay the gift in full and claim tax relief for this amount on your corporation Tax Return.
Cheques, Cash or Standing Order
We can accept donations in a variety of ways. You do not have to use the Gift Aid method but clearly it benefits the charity if you do. So, providing you have paid sufficient tax to cover the basic tax on the gift, it is very beneficial. Any amount of gift will qualify for Gift Aid.
Gift of Shares
Giving shares rather than cash donations could be a wise investment decision due to the tax relief which can be claimed on the value of donated shares.
You as the donor can claim tax relief equal to the market value of the shares on the day you make the transfer, together with any associated costs such as broker's fees. The relief is against your income tax for the year. for example if you donate £1000 worth of shares and you are a high-rate taxpayer, you will pay £400 less in income tax that year.
Additionally, you will not have to pay any capital gains tax (CGT) on any increase in the value of the shares since you bought them.
Stocks, Property and Works of Art
Direct transfer to the Appeal of assets such as stocks, property and works of art do not incur capital gains tax.
With the long term future of the School in mind we are asking everyone from our extended community to consider making a gift in their Will, to ensure that we can continue providing the best possible education.
Leaving a gift in your Will may be the ideal way to help if circumstances do not allow you to make a donation during your lifetime.
Legacy giving may also have tax benefits by reducing the amount liable to inheritance tax.
If you decide to leave a gift in your Will to the School, it would be helpful to have an indication of your intentions. A Confidential Pledge Form is available and the information given will help our long term planning.
Trading Companies, sole traders and trading partnerships sponsoring a charitable activity can claim tax relief for sponsorship payments providing the payments are made wholly and exclusively for the purpose of your trade. Further information about any aspect of the methods by which you can make a donation can be obtained by contacting Elaine Solman, Development Manager, on 0141 357 3376 or email Elaine Solman.