Boost the value of your gift and tax-efficient giving
Your gift can often be enhanced by a variety of tax breaks through your charitable giving. Once you've read more, you might like to see the ways you can make a donation.
Gift Aid
Overseas tax benefits
Give As You Earn (GAYE)
Leaving a Legacy
Giving shares
Property
Company matching
If you would like to talk to someone for further information about tax-efficient giving please contact Steve Clark by telephone +44(0)114-222-1076 or email s.r.clark@sheffield.ac.uk.
Gift Aid for UK tax payers
The University is an exempt charity (no X 1089). If you are a UK taxpayer your gift may qualify for tax benefits and would increase the value of your gift at no extra cost to you.
If you make a "Gift Aid Declaration" on the donation form, online, or over the phone, HM Revenue and Customs will increase your gift to us by 25p for every £1 you give.
If you pay higher rate tax, you may reclaim the difference between the basic rate and higher rate of tax on the gift value through your self assessment tax return. This could enable you to make a larger gift at no additional cost.
See www.hmrc.gov.uk for more information.
Overseas Tax benefits
US Tax Deductions
If you are a US taxpayer, you will be eligible for tax deductions if you make your gift through the "University of Sheffield in America, Inc." This is our 501(c) (3) registered non-profit in the United States. By making your gift to the University of Sheffield in America, your gift will be tax deductible to the maximum extent allowed under US law. Tax deductions will apply to gifts of cash, shares and property, made either now or in your estate.
Make a gift from the USA
Canada tax deductions
Your gift is fully tax-deductible under Canadian law and you will receive an official receipt for tax purposes when we receive your gift. To make your gift, please follow the link and click on Giving from Overseas. Please note that we can only process online donations in GBP Sterling.
Give As You Earn (GAYE)
Making a donation to Sheffield direct from your salary is tax free for regular or single gifts. Simply check with your employer if they offer this facility here at the CAF website.
For more information on payroll giving, please visit the HM Revenue & Customs website.
Leaving a Legacy
Planning a gift in your Will is a wonderful way to show your support for the University's long-term future. We can help you plan your future gift, and even suggest some wording to discuss with your lawyer.
Visit the Legacy giving webpages for more informaion or contact David Meadows on +44 (0)114 2221073 or d.meadows@sheffield.ac.uk for further information on leaving a gift to the University in your Will.
Giving Shares
We are very grateful for gifts of stocks and shares. Giving shares to Sheffield is a simple and tax-efficient way of making a donation. Sheffield can accept share gifts of any size. Find out more about giving shares as a donation on our dedicated page Gifts of Stocks and Shares.
Donations of shares listed on a recognised stock exchange are eligible for relief of capital gains tax. In addition, the shares’ market value on the day of transfer can be offset against income tax liability in the year they are donated.
For more information on share giving, please visit the HM Revenue & Customs website.
Property
The University of Sheffield can accept gifts of land or property in a donor’s lifetime, and these gifts now attract the same tax incentives as gifts of shares. Tax relief applies to any property, large or small, providing that the whole interest in the property is donated and we have agreed to accept it.
Please note that relief cannot be carried forward or back a tax year if the donor has insufficient income during the year in which the gift is made to make full use of their eligible deduction. Tax relief is given for the market value of the property as a deduction from the donor’s income chargeable to income tax for the tax year in which the gift is made.
The Income Tax relief is in addition to any exemption from Capital Gains Tax that may also be available to the donor. All the tax relief goes to the donor of the property.
To discuss leaving a property to the University please contact Ruth Stanley on +44 (0)114 222 1075 or email r.e.stanley@sheffield.ac.uk
Corporate gift matching
Corporate gift matching schemes enable you to increase the value of your gift to the University of Sheffield thanks to your employer matching it to a varying percent. To find out if your company operates such a scheme please contact your Human Resources department who should be able to provide you with further information. If your company does have a matching scheme they should be able to advise you how to take part and make the value of your gift to Sheffield even greater.
