Ways of Giving
There are various ways in which you can make a donation to the St Lawrence College, whatever its size, your gift is important to us.
- Regular Giving
- A Single Gift
- Gift Aid
- International Donations
- Stocks and Shares
- Company Giving
- Payroll Giving
If you would like to make a regular gift, you can set up a Direct Debit by completing the forms below and returning them to the Development Office, St Lawrence College, Ramsgate CT11 7AE
Direct Debit Mandate (PDF, 69KB) Gift Form (PDF)
Regular donations over a number of consecutive years can be paid monthly, quarterly or annually and are extremely important to the work of the College, as they provide a predictable income which allows for better planning.
Annual net cost to a Higher Rate (40%) tax payer
|Gross Value to the College after 3 years|
If you would like to make a single donation by Cheque or Bank Transfer please complete the Gift Form above, ensuring that you complete the Gift Aid details which will increase the value of your donation.
In accordance with charity regulations, where a preference has been indicated, and in the unlikely event that a gift for that purpose becomes surplus or unusable, the Principal will apply the proceeds for the general purposes of the school.
St Lawrence College, as a charity, can reclaim the tax (20%) on any donation from a UK tax payer through Gift Aid. If you are a higher rate taxpayer you can personally reclaim the difference between the higher and basic rates of tax (currently 40% - 20% = 20%). The table below shows just how beneficial this can be to you as well as St Lawrence!
|Single Gift||Value to St Lawrence Foundation with Gift Aid||Actual Cost for a Higher Rate (40%) Tax Payer||Actual Cost for an Additional Rate (45%) Tax Payer|
To make a donation from outside the UK please contact the Development Office.
There are substantial tax benefits available to US taxpayers by giving to Charities and Foundations, but such bodies must be recognised by the Internal Revenue Service (IRS) and based in the USA.
In order to allow our US taxpayers to donate to St Lawrence College without removing these benefits, we have registered with the British Schools and Universities Foundation, Inc. (BSUF), a US registered charity. Contributions are deductible for Federal income tax purposes. Bequests, legacies, devises, transfers or gifts are deductible for Federal estate and gift tax purposes.
BSUF operates a reliable system under which monies are properly transferred to the Foundation. Please contact us for further details, or use the following link: www.bsuf.org.
BSUF Donor Form (PDF, 161KB)
Single gifts of any amount can be made by cheque or Charities Aid Foundation (CAF) voucher. Please make all cheques and CAF vouchers payable to St Lawrence College and send them to the Development Office. The School receives no extra tax benefit from gifts made by cheque or CAF voucher. Please visit www.cafonline.org for more information.
Gifts left to St Lawrence in your Will are highly tax-effective and in the future are likely to provide substantial funds to support the College’s longer term objectives. As this would be exempt from inheritance tax, a donation made in your will can also reduce the tax burden on your estate.
How does it work?
A charitable legacy could be a gift of money or of any other assets. While there are a number of options to consider, there are two main types of charitable legacies:- pecuniary and residuary. Pecuniary legacies specify a sum of money or item of value to be donated, whilst a residuary legacy allows you to donate a percentage of the net value of your estate or the remaining sum after you have made provision for your family and friends.
What do you need to do?
To leave a legacy to St Lawrence College you simply need to include details of the donation in your will. This can be done by writing a will, by making an amendment or ‘codicil’ to an existing will or by setting up a Trust. Contact us to find out more about leaving a legacy to St Lawrence College.
For more information about the St Lawrence 1879 Legacy Society, please click here.
The support of companies can benefit St Lawrence in a number of ways – and businesses can receive a number of benefits by making a charitable donation to causes like ours.
All companies can get tax relief when they give money to UK charities, although the relief works differently for companies, self-employed people and partnerships. Many companies will match an individual employee's gift to a charity.
If someone is self-employed and wants to Gift Aid their donation it is handled in the same way as a donation from an individual.
For further details please view:
Through Payroll Giving, you can provide St Lawrence College with a regular, reliable income stream that allows us to budget, while benefiting you with generous tax relief.
How does it work?
Give to St Lawrence College from your pay and you can get immediate tax relief of up to £4 for every £10 donated. The donations are taken from your gross salary, reducing the amount of income tax that is deducted from your salary.
What do you need to do?
All you need to do is ask your payroll department to deduct regular charitable donations from your salary by filling out a simple application form, stating how much you would like to give and to which charities. Your donations will show on your payslip.
If your employer does not already have a Payroll Giving scheme in place, don’t worry – it’s quick and easy to set up. Employers sign a contract with a Payroll Giving Agency who will transmit donations on their behalf.
Contact the Development Office to find out more about Payroll Giving today.
For more information visit www.payrollgivingcentre.org.uk.