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Tax-efficient Ways of Giving

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Gift Aid US Taxpayers European Taxpayers
Regular Gifts Tax Refund Gifts Payroll Giving
Stocks and Shares       Leaving a Legacy         Online Shopping

The main ways of making a tax-efficient donation are as follows:

gift aid it

If you are a UK taxpayer, the Fettes Foundation receives an additional £25 for every £100 you give, and the Government will pay us an extra £3 until 5 April 2011.  If you pay income tax at the higher rate, you must include all your Gift Aid donations on your Self Assessment tax return, if you want to receive the additional tax relief due to you.

Gift Aid Declaration Form

Regular Giving

Regular Gift

Frequency

Duration

Net Cost

Fettes Receives 

£10.86 per month 3 years £300 £500
£54.30              per month     6 years         £3,000         £5,000

Tax Refund Gifts

If you are a UK taxpayer and complete a Self-Assessment tax form, you can donate all or part of your refund to the Fettes Foundation.  Enter the Fettes Foundation charity code JAK 40AG when completing your Self-Assessment.  You can choose to make your refund a Gift Aid donation.

Payroll Giving

Many employers offer payroll giving, which means that you can give to the Fettes Foundation and get immediate tax relief at your highest rate of tax.  Employers frequently match or even double your contributions.

Pledge

Cost to You
(tax rate 20%)

Cost to You
(tax rate 40%)

Employer
Matching 

Fettes 
Receives
 

£5 £4 £3 £5 £10
£100         £80                           £60                   £100                  £200

Stocks and Shares

You can receive additional tax relief by contributing gifts of stocks and shares to the Fettes Foundation: the value of the gift can be offset against any income tax liability, as well as exemption from any liability for capital gains tax. This means that shares can be given at much reduced cost (personal circumstances may change this).

The Foundation's stockbroker is Speirs & Jeffrey Limited, 36 Renfield Street, Glasgow G2 1NA and Andrew Waddell (Ca 82) can be reached at (0141) 248 4311.  Please contact John Lang, the Foundation Director if you would like to discuss donating shares or if you would like more information.

Leaving a Legacy

Leaving the Fettes Foundation a gift in your will is possibly the greatest gift you can offer during your lifetime and one that will have long-term benefit for the lives of our students.  There are several types of legacies:

  • Residuary Legacy – a percentage of the residue of your estate
  • Pecuniary Legacy – a specific sum of money
  • Specific Bequest – property, stocks and shares, books and works of art
  • Codicil – an additional bequest or change to an existing will
  • Reversionary Legacy – a gift that passes to Fettes only after the death of a spouse or relative.
  • Charitable Remainder Trust (US Tax Payers only) - money is donated to a charity, but the donor receives the income from it while living

Professional legal advice is always recommended when you are drawing up or changing your will.

US Taxpayers

If you are a taxpayer in the United States, you can qualify for an income tax reduction on gifts made to the Friends of Fettes Inc., our not-for-profit organisation registered in the USA. 

Friends of Fettes College Inc., is a tax-exempt 501(c)(3) non-profit organization based in Massachusetts. Donations made to Friends of Fettes College Inc., are tax-deductible to the fullest extent under law.

Please send your US donations to:
Friends of Fettes College Inc., Arthur B. Page Esq., Hemenway & Barnes LLP, 60 State Street, Boston, MA  02109

Cheques made payable to Friends of Fettes College Inc and for electronic transfers, please contact Elisabeth Anderson for bank details

European Donors

The European Court of Justice has recently ruled that nearly all donations made to charities in the European Union will be eligible for tax relief.  If you are a taxpayer in France, Belgium, The Netherlands, Germany, Poland, Ireland, Italy, Switzerland, Hungary, Bulgaria you will now be eligible to receive tax relief for donations made to the Fettes Foundation.

Online Shopping

Support the Fettes Foundation when you shop online. We receive a donation every time you make a purchase through this link.