What is Gift Aid? And how signing up can raise 25% more
Remember, remember the 5th of… October – because today is Gift Aid awareness day! But what is Gift Aid? And why is the impact it makes so important to charities that it gets a whole day devoted to it?
Gift Aid
Gift Aid is a government scheme that allows charities to reclaim a basic rate tax (25%) on your gift, whether that is a financial donation or items, increasing the value of your donations at no extra cost to you.
Let’s visit the Oxfam Superstore in Oxford and see how Gift Aid adds up on real donations in store…
Kai Pitman
Kai Pitman
Kai Pitman
Without Gift Aid the sale of these three items would raise £48.97, but as these items are Gift Aided their sale will raise £61.20! That’s just over £12 more than they would have raised without it.
£12 may not sound like a huge amount of money, but it make can be a part of making a huge difference.
When you donate an item that sells for £50 and Gift Aid it, Oxfam can claim an extra £12.50, raising the total to £62.50. By Gift Aiding your preloved items, you could be supporting our partner organisations’ work towards bringing peace to communities affected by conflict.
Oxfam
Get involved
- You can sign up to Gift Aid online, or in store on one of the tablets near the till.
- New Gift Aid signups receive a unique donor number and membership card.
- Online sign-ups will also receive a sheet of Gift Aid tags, pre-printed with your unique number, which you can simply stick on to future donations to apply Gift Aid.
Once you’ve signed up to Gift Aid we’ll keep you updated twice a year, on how much your items have raised, so you can sit back, relax, and enjoy making 25% more impact with every donation!
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