Other ways to give
There are many way to support the hospice including all the events, challenges and other fundraising activities you can do to raise vital funds to support St Christopher’s but sometimes the simplest are the best
Payroll Giving is an easy way to give money to charity. By donating a small amount each month from your pay cheque, you are not only helping others, but you are also giving in a tax efficient way. If 100 employees pledge £10 per month, St Christopher’s would receive £12,000 a year. A higher rate tax payer will get £4 back from this donation, so it only costs them £6 to give at this level. This is something you could offer to your employees.
Making a gift of shares
This is an easy and very tax-efficient way to support St Christopher’s. You can claim income tax relief on the value of most shares, equal to the market value of the shares on the day you make the gift, together with any associated costs such as broker’s fees. For example, if you donate £1,000 worth of shares, you’ll pay £500 less in income tax that year if your top rate of tax is 50%, £400 less if your top rate is 40% and £200 less if you pay the basic rate. Additionally, you will not have to pay capital gains tax on any increase in the value of the shares since you acquired them.
Why not increase the value of your employee’s gift by matching their gift, you may want to put a cap on the gift so that you have a control. Many companies find this a great way to support staff in whatever fundraising they are doing for whatever the causes close to their heart. Contact Graham if you would like to discuss Match Giving.
- Match giving helps with general morale and encourages team building by rewarding staff for their generosity.
- It also reduces your tax bill as Corporation Tax is not payable on the money you use to match the gift.
- You can allow your staff to choose the charities you support, nominate a Charity of the Year, or stipulate charities you don’t want to support.
- Of course it also raises your company’s profile and generates positive PR which we would be happy to support you with.
Please do contact Graham if any of these other ways to give are of interest. We can help support you in any way we can and direct you to the right person or organisation if that is necessary.