Tax Efficient Giving

Care of the elderly

Did you know that donations made to a charity could be eligible for tax relief?

Tax Reclaim for Charities

As a registered charity, donations to St. Vincent’s Foundation can be enhanced when we can reclaim tax on the amount donated. From January 2013, for all donations of 250 or more in a given tax year the receiving charity receives a tax rebate for the charity provided the donor/taxpayer had paid tax of this amount or more in the relevant tax period. 

The benefit to charities is best demonstrated by the following example – where a donor gives 500 during a calendar year to St Vincent’s Foundation the 500 is considered to be what was left after the donor had paid tax. In this example the amount reclaimed from Revenue would be €224.65 thereby increasing the value to €724.65 without additional cost to the donor. This is a very sizeable increase of 45%.

Relevant donors complete and sign a Revenue form, which we will provide and the tax reclaimed is very worthwhile as it substantially increases the income to charities at no further cost to donors.

Revenue chy3cert-charity

Revenue chy4cert-charity