Making a Gift
A gift of just £13.34 per month, with gift aid, over five years will add up to £1,000! Everyone contributing at that level will have their name listed in the new building regardless of the designation of the donation.
Please use the links below to make a gift online or alternatively download our paper PDF donation Form.Make a one off gift Make a regular gift
Giving Monthly to Magdalene
Donations to the Future Foundations Campaign can be made over the five year period. The table below provides some examples of how gifts made by UK taxpayers can be donated in a tax efficient way.
|Monthly Gift||Annual value to the College with Gift Aid||Annual cost to 40% Taxpayer over 1 year||Annual cost to 45% Taxpayer over 1 year||Value to the College over 5 years|
Higher-rate taxpayers will benefit from tax relief by claiming back the difference between the higher rates of tax at 40% or 45% and the basic rate of tax at 20% on the total value of the gross donation.
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.
Your Gift Aid 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.
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.
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 Give As You Earn.
US tax payers can make tax efficient gifts via The Magdalene College Foundation (MCF) which is a 501(c)3 organisation.
Gifts made by US tax payers 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.
- Magdalene College Foundation: Making a gift information
- Magdalene College Foundation: Making a gift online
Cheques are to be made payable to 'The Magdalene College Foundation', and sent to:
The Magdalene College Foundation
c/o Chapel & York Limited
1000 N. West. St., Suite 1200
Wilmington, DE 19801-1058
The Alumni and Development Office is the administrative office of the MCF. If you would like more information or to discuss your gift in confidence please contact the Development Director by telephone +44 (0)1223 332160 or by email email@example.com.