Making the most of your donation
Gift Aid makes your donation go MUCH further
By agreeing to donate under Gift Aid the Royal Opera House Foundation receives an extra 25p for every £1 that you give. This makes a huge difference and makes your donation go further, so if you are a UK tax payer* please tick the Gift Aid box when making an online donation, sign the Gift Aid declaration when returning membership or donation forms, or feel free to ask us to send you a declaration to complete.
For a donation of £10 this is an additional £2.50 to the Royal Opera House Foundation. As a donor if you pay tax at one of the higher rates of tax, 40% or above, you might also be able to claim back an additional £2.50 or more. The Charity receives £12.50 and the cost to a 40% taxpayer is only £7.50.
* You must pay income or capital gains tax at least equal to the tax that we reclaim on your donation (and all other gift aid donations made to charities or Community Amateur Sports Clubs in the tax year ie 6 April in one year to 5 April in the next.) Tax paid includes tax paid under PAYE, tax deducted on pensions, dividend tax credits and other tax deducted from your income before you receive it. If your tax allowances cover your taxable income and gains, for instance if you have retired and your tax allowances cover your total income from pensions and other sources, we cannot claim gift aid on your donations. If you are not a UK taxpayer and you tick the Gift Aid box you could be charged additional tax to cover the amount that we reclaim.
Payroll Giving is a way to give one off payments or regularly through your employment
Donations are made out of income before income tax, so that the donor gets the tax relief immediately on their donation. This is run by Payroll Giving Agencies who charge an administrative fee and who run this on behalf of employers. Check with your employer to see if you have a scheme. Employees are allowed to nominate any charity they like to receive the donation – they are not restricted to their employer’s choice of charity.
Donations made by US taxpayers
You can make tax effective donations to the American Friends of Covent Garden. This is a 501 (C) 3 based in New York which supports the Royal Opera House. For further details please contact Susan Fisher at email@example.com; +44 (0)20 7212 9268.
Charities Aid Foundation (CAF) and Charities Aid Foundation American Donor Fund
If you have an account with CAF you can make charitable donations to the Royal Opera House Foundation. If you are a US taxpayer and have an account with CAF you may be able to register for the American Donor Fund to benefit from a tax break on US income.
Gifts of listed shares
You might like to make a donation in shares instead of cash depending on your circumstances. Contact firstname.lastname@example.org if you are interested in doing this for more details.
We would be happy to provide further information to support any of the above points; please email us at email@example.com or telephone +44 (0)20 7212 9489 should you have any questions.
Do please note however that none of the above content constitutes tax advice and is a generic overview of options for donors, if you are unsure of any tax issues that you may have (in particular if you are considering making a significant donation, or if your tax affairs are at all complex) seek professional advice.