How it all works - step 2 Establishing
Setting up a GivingWorks micro-trust is very straightforward:
- Complete and sign the GivingWorks micro-trust agreement including the Gift Aid declaration form.
- Write your cheque or organise a bank transfer to the value you wish to put into your micro-trust.
- GivingWorks will claim Gift Aid at the basic rate of tax on your behalf and add it to your fund. That means for every £1,000 you put into the trust a further £250 can be added through tax relief.
- The GivingWorks charitable status umbrella allows you to claim Gift Aid even if your donations are going to overseas charities that would not normally be entitled to it.
- If you are a higher rate tax payer you will be able to claim the difference between the basic rate of tax and your higher rate on all money placed in the micro-trust.