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Many charities raise money by running special events. The charity benefits from the difference between the cost of putting on the event and the ticket receipts plus any money gathered during the event itself.
The charity should be able to tell you what amount or percentage of the price of an individual ticket or table for an event is expected to be the amount left after all the costs are covered. This is the donation part of the ticket price. Some charities will give a 'suggested donation' as part of the ticket price.
The part of the ticket that is a donation can be given tax-efficiently, whether by a Gift Aid donation or a cheque taken from your trust account.
The larger the percentage of the ticket cost that is a donation, and the more efficient the charity is at making the most of the tax relief, the higher the proceeds for the charity. So if the charity manages to have all of the costs of putting on an event met directly or as gifts in kind, the entire ticket cost is a donation.
© Copyright 2007 Association of Charitable Foundations (ACF)
Every effort has been made to ensure that the information provided in A Guide to Giving is current at the time of publication (October 2005), but the Association of Charitable Foundations (ACF) cannot guarantee its accuracy. Furthermore, there may have been subsequent changes to legislation, policy and/or to tax bands and rates. If you are considering any investment you should seek appropriate professional advice. This guide is not intended to replace professional advice on particular investments or the manner in which tax relief is applied under any scheme, and you should not rely on it for such purposes. You are responsible for your own tax and financial affairs and so should seek independent advice. ACF can not accept responsibility for the investment choices you make.
Views expressed in A Guide to Giving are not necessarily those of Philanthropy UK or the Association of Charitable Foundations.
Coutts & Co is not responsible for the content of A Guide to Giving, and the content does not constitute any advice whatsoever from Coutts & Co. The case studies and profiles within the Guide are not necessarily clients of Coutts & Co. Coutts & Co shall not be liable for any loss whatsoever arising from your reliance on any information produced in the Guide.
