Gift Aid and covenant giving up 13% in two years
Howard Lake | 1 April 2003 | News
Tax-effective donations to charity through Gift Aid and covenants now total £2 billion, according to a report out today from Charities Aid Foundation (CAF).
Based on figures from the Inland Revenue, CAF has calculated that giving through these methods grew by 13% between 2000 and 2002. The Gift Aid system was radically simplified in the 2000 Budget.
According to the report’s author, Dr Catherine Walker: “Tax-effective donations now represent almost one third of all giving. In time, and as the conditions for giving improve, charities will undoubtedly be able to realise the potential of this new favourable tax framework more fully.”
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Read the Gift Aid in the new millennium report at CAF.
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.