- By standing order – this is a safe and convenient way to make a regular donation to the fund. To set up a standing order please complete ‘this form’ and hand it in at your bank, please call us on 01623 620202 for our bank account details. Alternatively you can set up a standing order through your online banking or telephone banking services. When setting up a payment please use 1MF and your surname as payment reference so we can ensure your donation goes to the correct fund (if no reference is used your donation will go into our Major Oak Fund).
- By cheque – please print off a gift aid form by clicking on the giftaid it logo below, complete it and return it to us (address on the form) together with your cheque made payable to Nottinghamshire Community Foundation and write 1% Matters FundTM on the back of the cheque
- By Paypal – please use the donate button below (please be aware Paypal take 3.4% + 20p from your donation)
- By bank transfer – to transfer directly to our bank call us on 01623 620202 for our account details. When making a payment please use 1MF and your surname as payment reference so we can ensure your donation goes to the correct fund (if no reference is used your donation will go into our Major Oak Fund).
GIFT AID Whichever method you use to donate please complete a ‘Gift Aid form’ by clicking the logo below. Using Gift Aid means that for every £1 you donate we can claim an extra 25p from the Inland Revenue.
The 1% Matters fundTM is being administered in conjunction with the Nottinghamshire Community Foundation
Q. If a company director gives 1% of his/hers company profits what is the tax relief benefits?
A. Provided that the company follows the correct paper trail to ensure the donation is made under the Gift Aid rules, then the company can claim a deduction for the donation in full against its corporation tax profits. This means that the company is effectively obtaining tax relief at 20% on the donation (assuming that the company is liable to pay corporation tax at the current small company rate of 20%). The Nottinghamshire Community Foundation charity / 1% Matters fundTM will receive the gross donation direct from the company and so there is no claiming back of any tax from HMRC.
The Director personally would not be party to the donation and would therefore not be involved in any tax relief.
Q. If a company director gives 1% of his/her salary or interest on investments what are the tax benefits?
A. If a company director gives 1% of his salary under the Gift Aid rules then NCF/1% Matters FundTM will be able to recover the extra 25% in gift Aid from HMRC if he or she has filled in the gift aid form aid based on the amount donated.
From the director’s point of view, it is also the standard gift aid position; namely that s/he will be able to obtain higher rate tax relief for the donation if a higher rate tax payer.