Gift Aid relief, no more special forms, and now the ability to give shares and securities. The Trust can give UK taxpayers tax relief and can give those liable for UK and US tax double tax relief on the same contribution. You can designate the beneficiary of your gift to Brown, i.e., the Annual Fund, your Class Gift, the Scholarship Fund, the Art Department or for whatever purpose you choose. Your 100 gift yeilds 127 for Brown. The 250 minimum limit for Gift Aid donations is abolished.
Tax relief applies to any donation, whether large or small, regular or one-off.
Separate tax relief for payments made under a Deed of Covenant is ended. All relief in the future is via Gift Aid. Donors can give a Gift Aid declaration over the phone or over the Internet if they wish, without having to complete and sign a paper declaration. Donors no longer must pay income tax at the basic rate equal to the tax deducted from their donations. In future, donors will simply have to pay an amount of income tax or capital gains tax, whether at the basic rate or some other rate, equal to the tax deducted from their donations.