Frequently Asked Questions
Why does Eton need financial support?
Eton relies on two sources of income: fees and endowment. Today’s endowment, the portfolio of property and other investments held by Eton, provides a much smaller percentage of operating revenue than many realise. Nearly 90 per cent of Eton’s budget comes from fees. The balance has shifted towards too great a reliance on fee income which is simply not sufficient to protect Eton’s overall excellence and independence.
Can I make a tax efficient gift?
Yes. Eton is a registered charity, no. 1139086.
UK taxpayers utilising Gift Aid will substantially increase the value of a gift to Eton whilst also reducing their own cost:
|
Net Payment to Eton
|
£1,000
|
£10,000
|
£100,000
|
|
Tax reclaimed by Eton (Basic Rate + Transitional Relief)
|
£250
|
£2,500
|
£25,000
|
|
Value to Eton (Gross Donation)
|
£1,250
|
£12,500
|
£125,000
|
|
Higher Rate relief to you
|
£375
|
£3,750
|
£37,500
|
|
Your net cost as a Higher Rate taxpayer
|
£625
|
£6,250
|
£62,500
|
Simply complete the Gift Aid declaration on the Donation Form to permit Eton to reclaim the tax on your gift.
Eton is also grateful for contributions via CAF or other Charitable Foundations or Trusts. All cheques should be made payable to Eton College.
Giving Shares is also a very effective way to make a donation.
Legacies are most welcome, and completely free from inheritance tax. Its value will be deducted from your estate (your money, possessions and property) before Inheritance Tax is worked out. Gifts made before your death may also qualify for exemption.
US taxpayers may make tax-deductible gifts through the American Friends of Eton College.
With a Campaign Goal of £50m, can I really make a difference?
Over £48m has been pledged and £35m contributed. Every gift makes a difference.
Regular Giving, Gift Aided, via a Standing Order is a particularly powerful way to support Eton. Standing order instructions can be found on Eton’s Donation Form.
|
The total value over five years when 50 individuals give a monthly gift of £25 is nearly
£94,000
|
The total value over five years when 50 individuals give a monthly gift of £50 is nearly
£188,000
|
The total value over five years when 50 individuals give a monthly gift of £150 is over
£560,000
|
What is the Campaign for a New Foundation?
Begun in 2005 it is a volunteer led initiative to raise over £50m for Eton, with a particular emphasis on increasing Eton’s endowment.
The Campaign is chaired by Simon Robertson (DGB ’59). As of August 2008 the Campaign has raised over £48m in gifts and pledges. Please contact the Development Office for a Campaign Prospectus or read more about the Campaign here.