Definition of gift aid in English:

gift aid

noun

  • 1British A scheme enabling registered charities to reclaim tax on a donation made by a UK taxpayer, effectively increasing the amount of the donation.

    ‘using Gift Aid means that the taxman will add 28p to every pound you give’
    [as modifier] ‘Gift Aid donations’
    • ‘In 2002, about 31% of charitable donations in Britain were made through Gift Aid.’
    • ‘She said: "People should remember that taxpayers can do Gift Aid."’
    • ‘Please click here for a Gift Aid Form.’
    • ‘You can make tax-efficient donations to charity through the Gift Aid scheme.’
    • ‘It is, of course, charitable giving under the Gift Aid scheme.’
    • ‘The partner with the higher tax rate should claim the gift aid relief.’
    • ‘Everyone (except the Inland Revenue) is a winner with Gift Aid!’
    • ‘With Gift Aid, the total amount raised on the night was £3,104 which will be donated to the Disasters Emergency Committee.’
    • ‘Gift Aid donations from taxpayers attract basic-rate tax relief at 22% at the very least.’
    • ‘The total will be boosted by a contribution from the Inland Revenue under the Gift Aid Scheme for Charities.’
    • ‘Gift Aid is a way for registered charities to claim back income tax individual givers have paid.’
    • ‘Gift Aid works by your chosen charity reclaiming basic rate tax on your gift from the Inland Revenue.’
    • ‘A spokesman for the Revenue & Customs said: "The point of Gift Aid is for the charity to reclaim tax."’
    • ‘If you give to charity you can increase the amount the charity gets by using Gift Aid, or payroll giving.’
    • ‘In April 2000, the Government revised the Gift Aid regulations.’
    • ‘Last year alone, 56,000 charities claimed over half a billion pounds extra through the Gift Aid scheme.’
    • ‘Gift Aid can increase the amount donated at no cost to the donor.’
    • ‘Anyone wanting to make a donation should ideally make a gift aid declaration, which enables the trust to reclaim tax.’
    • ‘This turns a £10 Gift Aid donation into £12.80 for the charity.’
    • ‘Included in the accounts is a personal donation which, including gift aid, amounts to £256,000.’
  • 2US Financial aid which does not require repayment, such as student grants and scholarships.

    ‘there are four types of federal grants that could help you pay for college, all of which fall under the umbrella of gift aid’
    • ‘"When it comes to gift aid, it is critical for students and families to understand any requirements that must be met to remain eligible for these funds."’
    • ‘This is the best type of aid available and it is categorically referred to as 'Gift Aid,' because you are not required to pay it back after graduation.’
    • ‘Gift aid equals all scholarships and grants both merit and need based, and from federal, state and institutional sources.’
    • ‘There are other variables, such as family size, number of children in college, and family strength in assets which can mean that some families in a given income range will receive more gift aid, while others will receive less.’
    • ‘Students and families must understand the difference between "gift aid" (scholarships and grants) and "self-help aid" (work-study programs and loans requiring repayment).’

verb

[WITH OBJECT]British
  • Make (a donation) to a registered charity under the Gift Aid scheme.

    ‘he gift-aided the money—which added quite a lot to the total’
    • ‘And if you are a UK tax payer, you can also choose to Gift Aid your donation.’
    • ‘Under current income tax rates, every pound you gift-aid provides us with approximately £1.28 after we have reclaimed income tax at the basic rate of 22%.’
    • ‘This repayment can be gift-aided making it even more valuable (by an extra 28%) to the charity.’
    • ‘This company gift aids all its profits to the charity.’
    • ‘We ask you to Gift Aid your contributions where possible and consider other ways you can donate money tax-effectively.’
    • ‘The Diocese of Leeds is hoping to pay for the work to St Anne's by asking parishioners to pledge a £20 donation, gift-aided for five years.’
    • ‘The charity stresses joining the club need not cost a fortune as UK taxpayers can gift-aid donations to reclaim the tax they have paid.’
    • ‘People donating should Gift Aid their contribution - Gift Aid means an extra 28p in every pound they give will go to those in need.’
    • ‘If you have paid to visit a large house or beautiful garden recently you have probably been asked to "gift aid" your entrance fee.’
    • ‘In future, you will be able to "gift aid" the entrance fee only if it gives free access to the property for a year or is at least 10% more than the standard entrance fee.’
    • ‘Please ask your Local Secretary how you can Gift Aid your donations - even Red Box donations can be included if you are a tax payer.’
    • ‘Charities get an extra 28p for every pound that is gift-aided.’
    • ‘Don't forget to Gift-Aid your gift, as that way for every £1 you give, Gordon Brown gives 28p!’
    • ‘Anyone is welcome to become "one in a thousand", and taxpayers will be able to gift aid their donations, bringing in even more funds.’
    • ‘If you are a UK Tax Payer we can claim 22 % extra on anything you "Gift Aid".’
    • ‘All donations to the appeal can be Gift-Aided, allowing us to claim 28p from the Inland Revenue for every pound donated.’
    • ‘And, with this scheme, it will be possible for donors to remain anonymous but still Gift Aid their donations.’