Why We Should Give

The Power of Individual Giving

For many people, the first step onto the giving ladder is by making an Individual Gift and it is one of the largest sources of income to the High School of Dundee Foundation.

Typically our donors make an Individual Gift following an interaction with a representative of The Office of Development in response to a specific ‘ask’ for support with a discrete project or facility within the wider auspices of the Campaign. We can welcome Individual Gifts in many ways – through cash, cheque, direct debit, credit or debit cards, charity and affinity cheques and cards, shares, property, payroll giving and other assets, and by setting up charitable trusts. The UK has a very generous system of tax-reliefs for individual giving. The most popular approach is Gift Aid, which accounts for 90 per cent of tax-effective giving. Gifts made through Gift Aid mean that the School can claim another 25p for every pound donated from HMRC, a substantial boost. Higher-rate-tax payers too get a personal income tax-relief, in addition to the basic rate tax paid back to the School. The Power of Legacy Giving A legacy is a uniquely valuable way to help the High the world for future generations. A common misconception is that a legacy has to be an enormous sum of money. This is not the case. Any gift left in a Will, no matter how large or small, is very important to the charities that you support and will make a real difference to the work that the High School of Dundee, a registered charity, undertakes. There are various ways to support the school with a gift in your Will, including:

The Power of Regular Giving

Regular Giving welcomes people into a regular and repeating philanthropic relationship with the School. Typically, our Regular Donors give monthly or annually.

This is the area where participation is the key – strength in numbers, and in the spirit of the global community of the High School of Dundee. Small amounts really do add up. If, for example, everyone on our database were to give the cost of a cup of coffee a day for a Campaign equivalent period to Campaign 2015 – 2020, when combined with the power of Gift Aid, we would raise a target smashing £80,841,806.00!* *per person equates as follows: £6273.44 (60 months –‘Campaign equivalent period’) assuming a cup of coffee at £2.75 + gift aid = £3.44, x 365 = £1255.60 (12 months); a net monthly

£80,841,806.00!*

School of Dundee invest in education to help shape

donor commitment of (£2.75 x 365 = £1003.75 / 12) £83.65.

A cash gift

Known as a pecuniary legacy this is a gift of a fixed sum of money. Inflation will reduce the value over time, however, you can arrange for the fixed amount to increase in line with inflation to protect this. A share of your estate

Known as a residuary legacy this is a percentage of what remains after all other gifts and expenses have been made. This is a good way to make sure your gift won’t be affected by inflation. The value of the gift will change in line with the value of your estate, so you are less likely to have to change your Will in the future. This can also be arranged such that inheritance tax is effectively managed. A gift that provides for your named beneficiaries first

This gift is known as a reversionary legacy and will provide for your named beneficiaries first, and then benefit the school. A specific item

If you have valuable possessions such as property, antiques or stocks and shares then you can leave these to the school as a gift in kind. If you are considering provision for the school in your Will then we recommend that you seek professional advice from a solicitor who can arrange or amend your Will. While we cannot offer legal advice, we can provide expertise in the range of ways you can use a legacy gift to support the school most effectively, including advising on tax efficient giving. Please do get in touch with The Office of Development on 01382 202921, if you would like to arrange a confidential discussion.