As an emergency response to the unprecedented need caused by coronavirus, we are supporting a new proposal from a coalition of charities calling for a rise in the rate of Gift Aid. If adopted, the proposals could secure an additional £450m to support the vital work of charities at this difficult time.
Charities are, on average, having to plan for a 24% loss to their total income for the year ahead. Indeed Tiny Tickers is so far forecast to end this financial year in a deficit – we are facing a potential 46% loss. Never in our 20 year history have we faced such challenging times.
This is why The Charities Aid Foundation, Chartered Institute of Fundraising, National Council for Voluntary Organisations, Charity Finance Group and Charity Tax Group are calling on the Government to introduce a two-year increase to the rate of Gift Aid in order to ease the biggest financial crisis our sector has ever faced.
The change would mean that a £100 donation from a UK taxpayer would raise to £133.33 once Gift Aid has been claimed. This compares to £125.00, as is currently the case.
Head of Fundraising, Katie Lawson, says, “Tiny Tickers is delighted to support the campaign for Gift Aid Emergency Relief. Introducing it will go some way to keeping charity services running and enable many smaller organisations, like ours, to survive. Every two hours a baby is born with a congenital heart defect. Coronavirus hasn’t changed that fact – it’s just made a very difficult journey that bit tougher.”
Find out more about how you can support this campaign here.