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Top 100 charities could earn extra £50m from gift aid changes

Top 100 charities could earn extra £50m from gift aid changes
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Top 100 charities could earn extra £50m from gift aid changes

Fundraising | Celina Ribeiro | 18 Dec 2009

An extra £50m would be earned by the top 100 charities alone if a flat 37p-per-pound gift aid rate was introduced, estimates the British Red Cross.

Mark Astarita, director of fundraising at the charity, welcomed the government’s report as “excellent”.

“The British Red Cross could benefit from any change to mechanisms suggested but would encourage the higher composite option be adopted of 37p/pound, which could be worth an additional £4m per year to us alone,” he said.  

“At a rough guess the top 100 charities could see an extra £50m per year at the stroke of a minister's pen. We know at least £200m goes missing because people don't reclaim it.  Just imagine what charities could do with that extra cash.”

Astarita said the research back fundraisers’ claims that donors want charities to get the greatest possible tax rebate.

“The issue for super donors who do reclaim does not give me great cause for concern as I feel sure they will adjust their personal giving into their foundations and trusts which will also be massively increased by the tax break now finding its way into their personalised giving vehicles.  There is no loss of influence and there is just as much to give,” he added.

“I now very much hope that ministers will respond rapidly to move towards a fairer scheme and sincerely hope that they will also consider the interests of all tax payers including the 80 per cent of tax payers who don't get a tax break from giving.”

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