Giving to Johns Hopkins in the United Kingdom
You can make a tax-efficient gift in the United Kingdom to any school or division of Johns Hopkins University
The Johns Hopkins University (USA) Foundation, Ltd., is a UK-registered and dual-qualified charity. Gifts to any school or division of Johns Hopkins (e.g., the Krieger School of Arts and Sciences, SAIS, the School of Medicine, etc.) made in the United Kingdom are eligible for Inland Revenue’s Gift Aid.
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What is the Inland Revenue Gift Aid Scheme?
Gift Aid means that for every pound you give to the Johns Hopkins University (USA) Foundation, Ltd., the school or division you have selected at Johns Hopkins gets an extra 28p from the Inland Revenue. For example, a £50 donation is worth £64, a £100 donation is worth £128, a £500 donation is worth £640, and so on.
In addition, higher rate taxpayers are eligible to reclaim as much as £23 for every £100 donated to Johns Hopkins by including details of their Gift Aid donations on their Self Assessment form.
For example, a £100 gift will have the impact of £128 and a higher rate taxpayer can reclaim £23 on his or her Self Assessment form.
There are many gift aid calculators online that can quickly illustrate the impact of your gift as well as what you can reclaim if you are a higher rate tax payer. An example can be found at http://www.itforcharities.co.uk/gaidcalc/hightax.htm.
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What is a ‘dual-qualified’ charity?
A dual-qualified charity is important for those with tax interests in both the United States and the United Kingdom.
Generally, gifts made to a U.S. charity allow the donor to take a deduction from their U.S. income taxes for the gift. Accordingly, U.S. citizens who are UK residents or otherwise have UK income or capital gains taxes and who make a gift to the Johns Hopkins University (USA) Foundation, Ltd., may be eligible for both UK Gift Aid and for U.S. income tax charitable deductions.
There are various requirements for deductibility of gifts for U.S. tax purposes, so please consult with your U.S. tax attorney if you have questions regarding any donation.
For additional information, the IRS website at http://www.irs.ustreas.gov/charities/contributors/index.html provides useful background information such as IRS Publication 526 - Charitable Contributions.
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How does my donation reach the school or division of Hopkins that I have indicated?
The Johns Hopkins University (USA) Foundation, Ltd., consists of a board made up of Johns Hopkins alumni and friends in the United Kingdom. The board reviews gifts made to the Johns Hopkins University (USA) Foundation, Ltd. and their designations throughout the year. They vote to approve the gifts be wired from the Johns Hopkins University (USA) Foundation, Ltd. account to Johns Hopkins with the indication of the area you chose to support. The gifts are then wired.
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Why give to Johns Hopkins?
The Johns Hopkins University and Hospital are among the world’s great resources for education, research, patient care, and public service. The generosity of alumni and friends who understand and believe in our mission enables Johns Hopkins to address unprecedented global challenges, safeguard and enhance health, enrich culture, and advance the frontiers of knowledge. A gift to Johns Hopkins is an investment in a better future, because what Johns Hopkins discovers it gives to the world. Every gift to Johns Hopkins, no matter its size, makes a difference.
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Click here to connect to giving form.
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Gabrielle Bennett
Director of Development, Europe
59 Cardinals Way
Ely CB7 4GF
01353 654073
gbbennett@jhu.edu |
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For U.K. Donors
