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You can donate money to the
IEF in a variety of ways. Click on one of the links below, or scroll
down, to view information on each method.
Direct Donations
Gift Aid
Give As You Earn
Stocks and Shares
Legacies
Info for US Citizens
You can donate directly to the IEF by cheque or standing order, or
via our on-line
donations website.
Cheques should be made payable to Integrated Education Fund and sent
to:
Integrated Education Fund
41 University Street
BELFAST
BT7 1FY
Northern Ireland
Gift Aid enables charities to reclaim the basic rate of income tax
on all their donations from individuals. Recent changes to the law
have removed the previous minimum donation of £250.
All you have to do is confirm to the IEF, 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 |
12,280 |
Calculate your own contribution
Payroll giving is another tax efficient way to give. GAYE donations
are deducted directly from your pay before tax, and so are 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 IEF 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.
Should you decide to give to the IEF in the form of quoted shares,
it is worth noting that this is exempt from Capital Gains Tax, which
means that the IEF 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 IEF for
below their market value. You can then gain tax relief against your
taxable income.
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.
There is a new way in which you can directly support the vital work
of the Integrated Education Fund - a special Donor Advised Fund for
Integrated Education set up by The American Ireland Fund.
The American Ireland Fund has been a long standing supporter of integrated
schools in Northern Ireland and you can contribute directly to the
new fund by contacting them at the address below.
Donor
Advised Fund for Integrated Education
The American Ireland Fund
211 Congress Street
Boston, MA 02110
USA
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