Legacy, shares, business and other giving
Tax-effective giving enables charities and/ or donors to reclaim tax on their gifts to charity.
The less it costs to give; the more people are likely to give.
A charitable trust or foundation is a legal entity which can be set up by anyone who has decided that they want to commit to setting aside some of their assets or income for charitable causes.
Companies can access tax relief in various ways when they give to charity.The benefits vary as do the different options available to them include gifts of cash, gifts in kind and staff time.
There are some very generous major donors who give land or buildings, either wholly or a proportion of the holding, to charity and for these people generous tax relief is available.
Legacies currently provide the UK voluntary sector with its largest source of income.
Two thirds of the population support charities, though only one in seven wills includes a gift to charity.