Giving to Wits
Wits University’s teaching and research can only be sustained with the continued support of its global network of alumni and friends. Your donation directly benefits Wits students today and in the future.
You can make an unrestricted gift to be allocated at the Vice-Chancellor’s discretion, or you can request that your donation be for a specific purpose at Wits.
Gifts of any size are sincerely appreciated and may offer considerable tax benefits to you as a UK tax payer.
Your money will go further than you might think.
Add 25% more at no cost to you
If you are a resident UK tax payer, Wits would get 25% more without costing you extra if you complete a Gift Aid Declaration form. Please send it to us – our contact details are on the form.
If you are a resident UK tax payer and currently pay tax at more than the basic rate (i.e. more than 20%) then you are entitled to claim from Revenue for your own benefit the difference between the basic rate and the higher rate of tax. This is done through your annual self-assessment tax return form. Go to http://www.hmrc.gov.uk/individuals/giving/gift-aid.htm.
The favorable exchange rate means you could make a substantial gift to Wits that costs you a lot less than you would expect.
Other ways to Give
Any legacies left to a UK charity are free from death duties and without limit. You can give a fixed sum, a residuary bequest (a gift of all or a percentage of your estate after all other payments and bequests have been made) or you can donate a specific item such as an historic document. If you are considering bequeathing a specific item, please contact us to make sure that Wits University will be a suitable home for it. If you have already written your Will, writing a Codicil can be a simple way of adding an instruction to your existing Will. Go to https://www.gov.uk/donating-to-charity/leaving-gifts-to-charity-in-your-will.
Giving Land, Property and Shares
UK resident taxpayers may give land, property and shares to a UK charity without paying tax. Such gifts are free from capital gains tax and the donor will be able to offset the value of the land, property and shares given against his or her other taxable income. Go to https://www.gov.uk/donating-to-charity/donating-land-property-or-shares.
Employees of a company can make regular donations to a UK charity under the ‘Payroll Giving Scheme’. There are tax advantages to this. Go to https://www.gov.uk/donating-to-charity/donating-straight-from-your-wages-or-pension.