Tax-efficient giving can apply to both Annual Fund and major gift donations. There are also inheritance tax benefits to leaving a legacy gift to LSE in your will, which you can read about on our legacy pages.
Applying Gift Aid to your gift allows LSE to claim an additional 25p for every £1 that you donate.
By signing a Gift Aid agreement the Donor(s) confirm(s) that they wish to treat this donation and any further donations they make to LSE as Gift Aid donations, and that they pay an amount of Income Tax and/or Capital Gains Tax that is at least equal to the amount that all charities they donate to will reclaim for that tax year. Council tax and VAT do not qualify and the Donor(s) understand(s) LSE will reclaim 25p on every £1 that they have given. The Donor(s) will notify LSE if their circumstances change and they no longer pay sufficient tax on their income and/or capital gains. The Donor(s) understand(s) that they can cancel this Gift Aid declaration at any time by notifying LSE.
More information about Gift Aid can be found on the HMRC Gift Aid page.
You can calculate the value of Gift Aid on your gift through the online Gift Aid calculator.
Give As You Earn (GAYE)
Another way in which you can extend the reach of your support of LSE is through the Give as You Earn (GAYE) scheme. It is completely tax free and allows an employee to give a regular or single gift from their salary before tax is deducted to the charities of their choice.
Please complete this form, print it out and send it to your human resources or payroll department.
This scheme means:
Gifts made through Payroll Giving are taken directly from the gross pay, giving the benefactor immediate tax relief at the highest rate of tax for which they qualify
For instance, every £10 you donate will only cost you £8 as you save £2 at the basic tax rate and higher tax rate payers will pay only £6
The School can better plan its activities sustainably, knowing the LSE Annual Fund is getting regular donations
You are better able to keep track of your giving
To make contributions to the LSE Annual Fund, the charity details for the GAYE form are as follows:
Commission number: Inland Revenue No. X2401
LSE Annual Fund
London School of Economics and Political Science
London WC2A 2AE
We are very grateful for you choosing to donate tax-efficiently via payroll giving. As we use a third party (CAF) to process this, there may be a delay between you filling in the form and your donation coming out of your pay. There is also sometimes a delay of several weeks before the Annual Fund receives your donation once it is set up, but as soon as we receive the funds, we will write to acknowledge receipt and to thank you for your generous support.
A gift of shares can often be the most tax-efficient means of giving. Share gifts of any value to LSE are entirely exempt from Capital Gains Tax, while you will also receive Income Tax relief on the market value of the shares and any associated costs such as brokers’ fees.
Gift of shares worth: £10,000
Income tax relief for higher rate tax payer (40%): £2,500
Cost to share-donor: £7,500
Value to LSE: £10,000
For more detailed information on share giving, please visit the HMRC website. If you interested in making a gift of shares, please contact LSE Advancement through the details found on the left of this page.
Giving from the United States
Donations made to the LSE Centennial Fund are tax deductible. These can be made online, or by sending a cheque payable to the LSE Centennial Fund to:
LSE Centennial Fund
424 West 33rd Street
New York, NY 10001
Telephone: +1 646 442 2895
Giving from Canada
LSE is a university prescribed by Canada Revenue Agency as a charitable organisation outside Canada entitled to issue donation receipts. If you choose to give to LSE Annual Fund, you can make your donation online. Alternatively, you can also make your gift by sending a cheque, payable to the LSE Annual Fund, to the address on the left. We will issue you with a receipt for tax purposes within ten working days.
Giving from Germany
Alumni living in Germany can make tax efficient gifts to the LSE Annual Fund through the German Friends of LSE. Donations can be made by cheque or an electronic funds transfer. Cheques should be made payable to German Friends of LSE and sent to:
Freunde der London School of Economics and Political Science e.V.,
c/o Dr. Gerd Mueller-Brockhausen
Gifts made by Electronic Funds Transfer should be made to:
Deutsche Bank AG, Dusseldorf,
Kontonummer: 612 0182 00
IBAN: DE57 3007 0024 0612 0182 00
Bankleitzahl: 300 700 24
Giving from Singapore
Alumni can make a tax-efficient gift towards scholarships via the Singapore LSE Trust. Information about this can be found on the Singapore Alumni Association website (this link directs away from the LSE website). Alternatively, to discuss wider opportunities for support at LSE, contact email@example.com.
Giving from Europe
If you are resident in certain European countries, you may be able to make a tax-efficient gift through Transnational Giving Europe (TGE).
This enables donors in one of the participating countries to support organisations in other participating countries, whilst benefitting from local tax efficient schemes.
Participating countries are: Belgium, Bulgaria, France, Germany, Hungary, Ireland, Italy, Netherlands, Poland, Romania, Slovakia, Slovenia, Switzerland, and United Kingdom
More information is available from the websites of TGE, and the UK partner CAF.