Alternative Ways to Donate
Ways of Giving – Gift of Shares
All gifts to Bedford Modern School are very welcome and can be made in a variety of ways. For the majority of donors, a donation by cheque or standing order is the easiest method. Alternatively, you may make a gift online. We can also accept gifts of shares and of real property. This information sheet is in support of the giving of shares.
Making a charitable gift of shares can be a highly effective way of donating money to the School. When you make a charitable gift of shares it is possible to do this at a substantially lower cost to yourself because of the generous tax relief that is available.
What are the tax benefits?
Charitable gifts of shares are free from capital gains tax and since April 2000 individuals can get income tax relief, at their highest rate, for the full market value of shares on the date of your income in the year that you make the gift and you can obtain the tax relief on your self assessment tax return.
In order to qualify for the tax relief, the shares must be; listed or dealt with on a recognised UK or foreign stock exchange, units in authorised unit trusts, shares in a UK open-ended investment company or holdings in certain foreign collective investment schemes.
Some simple examples of how income tax relief works are show below:
Basic rate tax payer (22% currently)
•If you donate shares worth £500 to BMS, then you will be able to claim income tax relief of £110 (22% of £500)
•This means the donation has cost you £390, whilst BMS has benefited from shares worth £500.
•You will also not have to pay any capital gains tax on the disposal of these shares.
Higher rate tax payer (40% currently)
•If you donate shares worth £10,000 to BMS, then you will be able to claim income tax relief of £4,000 (40% of £10,000)
•This means the donation has cost you only £6,000, whilst BMS has benefited from shares worth £10,000.
•You will also not have to pay any capital gains tax on the disposal of these shares.
The examples given above are for illustrative purposes only. The tax benefits you may be entitled to will depend on your personal circumstances. You should consider taking professional advice to ensure that your gift to the School is structured in the most efficient manner.
How can I donate shares to BMS?
If you would like to donate some shares to the School then please follow the simple steps below.
1. Obtain a stock transfer form from the Registrar who acts for the company in which you have shares. The name of the Registrar will usually be shown at the bottom of your share certificate.
2. On the stock transfer from, in the box entitled ‘Full name and postal address of the person to whom the security is transferred’, please write: Bedford Modern School, Manton Lane, Bedford, Beds MK41 7NT
3. Complete, sign and date the form as appropriate.
4. Please send the completed from, together with the share certificate to: Elizabeth Rawson, The Development Office, Bedford Modern School, Manton Lane, Bedford, Beds MK41 7NT
We strongly advise you to keep a copy of the stock transfer form as evidence of your gift.
Unless you are making a gift online, we would be grateful if you could fill in the appropriate donation form and return it to the Development Office. All donations will be receipted, and on-line donations will be acknowledged as soon as possible after receipt. If you require any additional information please contact Lizzie Rawson on 01234 332654 or
