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New figures released this week suggest that arts organisations are missing out on £13m each year because too few donors are taking advantage of Gift Aid. Of the £109m of donations made to the arts in 2002, only 25% were made using Gift Aid.
The figures have been compiled by The Giving Campaign, an independent body established in 2001 in response to a new tax regime set out in the 2000 Budget. Under this regime, charitable organisations can claim an additional 28% from the Inland Revenue on donations from UK taxpayers. Brenda Campbell of The Giving Campaign said “Gift Aid is relatively simple to process, but as this new research shows, arts charities are missing out on a great deal of untapped income. Many smaller organisations are not yet registered for the scheme, and larger organisations that are signed up could be making more of it.” British charities could also stand to benefit from a new initiative to assist international donors. The American branch of the Charities Aid Foundation, CAFAmerica, has launched a scheme enabling British charities to increase the value of donations received from US donors. The top-up scheme could be worth up to $5,000. w: http://www.cafamerica.org