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The Jewish Chronicle

Charities losing out on Gift Aid

May 10, 2012 19:12

By

Simon Rocker,

Simon Rocker

1 min read

Many communal charities are missing out on thousands of pounds a year because of a failure to claim Gift Aid on donations.

The lost income was revealed in a survey conducted by the Achisomoch Aid Company, which runs one of the largest charity voucher schemes within the Jewish community.

AAC trustee Michael Hackenbroch said: "It shows that not enough people are aware of the benefits of donating money through Gift Aid, both for them and for charities."

Gift Aid enables a charity to reclaim tax relief on a donation, effectively increasing the contribution by a quarter - a £10 donation becomes £12.50. All a donor often needs to do is tick a Gift Aid box on an appeal form.