Teachers College can accept charitable gifts from alums and friends in the UK. The Charities Aid Foundation (CAF) serves as the mechanism for giving. The only requirement is that you must be a tax payer in the UK and/or the UK and US – and your yearly earnings must exceed the US foreign-earned income threshold, currently at $80,000.
- a dual taxpayer, paying tax in both the UK and US
- a UK citizen making a gift to a US charity
- a US citizen living in the UK paying UK taxes
Acknowledgement – In addition to receiving an acknowledgment from Teachers College, the UK donor receives a UK tax receipt from CAF for the gift.
Processing Fee – CAF charges a £50 minimum for gifts under £1,000. From £1,000 up, the fee is 5% on the first £15,000, 1% on the next £60,000 and 0% over £75,000. These fees are automatically deducted from the donor gift.
Eligible Assets – The only assets eligible for a gift through CAF are cash or appreciated securities. Please note that the Gift Aid tax option is not available for gifts of stock.