
This is a unique opportunity for us all to build a major Endowment Fund for Somerset. This will provide much-needed long-term support to hundreds of local projects and initiatives that make such a difference to the lives of so many people. Without your support many of these invaluable local projects would simply not exist
Our Grassroots Grants Match Challenge is to raise £1million for communities in Somerset over the next two years. All donations through the challenge will be matched £ for £ by the Government
With Gift Aid the scheme is even more attractive, for example:
Individual Donations |
Ambassador |
Named Fund |
Donation |
100 |
10,000 |
+ Gift Aid |
28 |
2,820 |
+ Match Challenge |
128 |
12,820 |
Total received |
256 |
25,640 |
Higher Rate Taxpayers will also be able to claim back 25% of their initial donations in tax relief.
Business Donations |
Guardian |
Named Fund |
Donation |
1,000 |
12,500 |
+ Match Challenge |
1,000 |
12,500 |
Total received |
2,000 |
25,000 |
Net cost to Company after tax relief* |
720 |
9,000 |
For Business’s we can add 100% to donations, but they can claim Corporation Tax Relief on their gift.
The illustrated examples are based on cash donations. There may be other tax benefits related to gifts of shares, land and property, or legacy gifts. Please mail justin.sargent@somersetcf.org.uk for further details.
For more information click below:
Ambassador
Guardian
Named Fund - Contact Justin Sargent