Tax-Efficient Giving - UK and US Taxpayers

UK Taxpayers

Gift Aid

If you are a UK taxpayer, every £100 you donate through Gift Aid is worth £125 to Magdalene, the difference is paid by HM Revenue and Customs (HMRC) at no extra cost to you.

Paying enough tax to qualify for Gift Aid

Your donations will qualify as long as they’re not more than 4 times what you have paid in tax in that tax year (6 April to 5 April). The tax could have been paid on income or capital gains.

Higher and additional rate taxpayers

If you pay tax at the higher or additional rate you can claim the difference between the rate you pay and the basic rate on your donation, either by filing a self-assessment tax return or by asking HMRC to amend your tax code.

For example:
You donate £100 to Magdalene, we will claim Gift Aid to make your donation £125.

  • Higher rate taxpayers pay 40% tax so you can personally claim back £25 (£125 x 20%)
  • Additional rate taxpayers pay 45% tax so you can personally claim back £31.25 (£125 x 25%)

In both cases the College will receive £125 as a Gift Aided donation.

How much your gift could be worth

Giving Monthly to Magdalene
Monthly Gift Annual value to the College Cost to 40% Taxpayer Cost to 45% Taxpayer
£10 £150 £90 £82.50
£20 £300 £180 £165
£50 £750 £450 £412.50
£100 £1,500 £900 £825

 

Giving Annually to Magdalene
Annual Gift Value to the College Actual Cost to 40% Taxpayer Actual Cost to 45% Taxpayer
£100 £125 £75 £68.75
£500 £625 £375 £343.75
£1000 £1250 £750 £687.50
£4000 £5000 £3000 £2750

 

Further Gift Aid Information

Click to download a Gift Aid declaration.
Further details on Gift Aid from HMRC.

Give As You Earn (GAYE) and Payroll Giving

Give As You Earn (GAYE) and Payroll Giving allow you to make a tax-free donation to Magdalene directly from your UK salary or pension. For more information, please see our Give As You Earn and Payroll Giving page.

US Taxpayers

US tax payers can make tax efficient gifts via The Magdalene College Foundation (MCF) which is a 501(c)3 organisation.

Gifts made to the MCF are tax deductable to the extent allowed by law and a tax receipt in a form acceptable to the Internal Revenue Service will be issued for every donation received.

Donating to The Magdalene College Foundation (MCF)

To donate to the MCF online please use the MCF online giving form, or alternatively download the MCF gift form.

Cheques are to be made payable to 'The Magdalene College Foundation', and sent to the following address:
The Magdalene College Foundation
c/o Chapel & York Limited
1000 N. West. St., Suite 1200
Wilmington, DE 19801-1058

The administrative office of the MCF is the Alumni & Development Office. Please email us if you have any questions. You are also welcome to contact the Chairman of the MCF, Robert Chartener.

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