If you pay taxes in the United Kingdom, did you know that you can make a gift to Middlebury that could be worth significantly more, thanks to UK charity laws? Read on to discover how.
Click on any of the questions in yellow below and a drop-down answer will appear.
What is the Middlebury College-UK Trust, Ltd.?
The Middlebury College-UK Trust, Ltd. is a charity of Middlebury College, which qualifies for specific benefits under UK income tax laws. The Middlebury College-UK Trust, Ltd. is set up in accordance with the regulation of HM Revenue and Customs especially for UK taxpayers, including those who also pay US taxes.
Why should I give to Middlebury through the Middlebury College-UK Trust, Ltd.?
If your contribution meets the requirements of the UK’s Gift Aid program, the value of your gift may increase by 20%.
In order to encourage philanthropy, Gift Aid allows a charitable institution to reclaim the taxes paid on a gift amount, according to the current tax rates set by HM Revenue and Customs. You would be donating not only the amount you chose, but also the income taxes you previously paid to the UK government on that amount.
Since the UK income tax base rate is 20%, for every £1 donated to the Middlebury College-UK Trust, Ltd. would actually receive an additional 20 pence. So, for instance, a gift of £10,000 would actually provide £12,000 to support Middlebury College.
How does giving to the Middlebury College-UK Trust, Ltd. benefit me?
Depending on your situation and your taxpayer status, your gift may qualify as a tax deduction or as tax relief in the UK, the US, or possibly both.
However, since individual circumstances differ considerably, we recommend that you consult a personal financial advisor to find out how a gift to the Middlebury College-UK Trust, Ltd. can best benefit you.
I’d like to make a gift through the Middlebury College-UK Trust, Ltd. What do I do?”
Great! Please send your gift by mail to Eileen Flood, a London-based administrator of the Middlebury College-UK Trust, Ltd. Here is the address:
Administrator, Middlebury College-UK Trust, Ltd.
19 Norcott Road
London N16 7EJ
When Eileen receives your gift, she will send you a Gift Aid Form, which you should fill out and return so that you and your gift can qualify for UK tax benefits.
Your funds donated to the Middlebury College-UK Trust, Ltd. will be transferred to Middlebury College and designated to the purpose you have specified. Then, we’ll recognize your gift, as your contribution begins to do good for all the young minds at the College.
We at Middlebury and at the Middlebury College-UK Trust, Ltd. can’t wait to acknowledge your generosity!
If you would like to learn more about UK tax benefits and whether or not your gift would be eligible for Gift Aid, please visit the official webpage of HM Revenue & Customs.
Your gifts through the Middlebury College-UK Trust, Ltd. directly benefit students, faculty, and programs at Middlebury and the Middlebury Institute of International Studies at Monterey (MIIS). Thank you!
You are also welcome to contact us at Middlebury College and we will do our best to answer any questions you might have.
Please email Meghan Williamson, associate vice president for development at Middlebury College and staff representative for the Middlebury College-UK Trust, Ltd. or telephone at +1 802 443 5817.