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Tax Efficient Giving is the term for when you make a donation to a registered charity like Cope Foundation and that charity is able to claim back the tax that you have paid on your donation.
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When you donate to Cope Foundation the organisation could receive more value than the original donated amount when you fill out a simple form called a CHY4 Cert.
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A CHY4 Cert is a tax relief form.
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Tax relief is any program that reduces the amount of tax owed by a person like you or even an organisation like Cope Foundation.
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Each year we send out tax relief forms in the mail to everyone who has donated at least €250 in the last year.
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If you have donated at least €250 to Cope Foundation in the last year get in touch with us if you do not receive a tax relief form.
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If you are a tax payer and you donate more than €250 in a calendar year to Cope Foundation, we can claim tax back on your donation.
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Your donation can be in the form of one single gift or it can be an accumulation of donations throughout the year, for example a Standing Order.
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A Standing Order is an instruction you can give to a bank to make regular payments to an organisation from your bank account.
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This tax back scheme only applies to personal gifts and donations and not to funds raised through sponsorship.
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Sponsorship would be activities like the Cork Marathon, a Pub Quiz or other similar events.
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When Cope Foundation is able to claim back tax this is called a Tax Rebate.
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Tax Rebates are calculated at a special ‘blended rate’ of 31% which means if you donate €250 to Cope Foundation that will get us an extra €112 as a Tax Rebate.
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This would mean a total of €362 to help fund our services and supports.
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There are three easy steps to Tax Efficient Giving:
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1. Contact our Fundraising Office to receive a CHY4 Form or download the form here.
2. Fill out and sign the CHY4 form.
3. Post it to:
Fundraising Department,
Cope Foundation,
Bonnington,
Montenotte,
Cork T23 PT93
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If you have any questions or would like any further information, contact our Fundraising Office on 021 4643220.
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