How to support the Oral History Society
The best way to support the Oral History Society is by becoming a member but also, through the Oral History Society’s charitable status, all donations or sponsorship are subject to the relevant tax relief for either individuals or companies. And you might want to consider leaving a legacy to the Society in your will.
The Gift Aid scheme allows the Oral History Society to claim back basic rate tax on any donation received from individual taxpayers. This means that for every £100 donated we can claim an additional £25 from the Inland Revenue if a signed Gift Aid form is received. A Gift Aid form (PDF format) can be obtained from the OHS Bookkeeper. It needs to be completed and returned to the OHS Bookkeeper.
Companies now pay the charity the full donation without deducting any tax and in turn obtain full tax relief when calculating their profits for corporation tax. The individual making such a donation will also be able to reduce their taxable income by the value of the gift. A company donor will obtain full relief against corporation tax.
Leaving a legacy gift to the Oral History Society in your will
Should you decide to make a gift to the Oral History Society, you can choose to leave either a share of the residue of your estate or a fixed amount.
If you would like to leave a share of the residue of your estate, your professional adviser may find the following wording helpful:
‘I give__% of the residue of my estate to the Oral History Society, Registered Charity Number 288805, and direct that the receipt of the Treasurer or the proper officer for the time being of the Oral History Society shall be a complete discharge to my Executors.’
Should you wish to make a gift of a fixed amount, set out below is suggested wording that your professional adviser can use:
‘I give the sum of £__ to the Oral History Society, Registered Charity Number 288805, and I direct that the receipt of the Treasurer or the proper officer for the time being of the Oral History Society shall be a complete discharge to my Executors.’
It is important that the following clause is also inserted with your gift, whichever wording you decide to use:
‘If at my death any charity named as beneficiary in this Will or any Codicil hereto has changed its name or amalgamated with or transferred its assets to another body then my Executors shall give effect to any gift made to such charity as if it had been made (in the first case) to the body in its changed name or (in the second place) to the body which results from such amalgamation or to which such transfer has been made.’
Please remember that as the Oral History Society is a registered charity (No. 288805), your legacy gift will be exempt from Inheritance Tax. We recommend that you seek advice from your financial or legal adviser.
If you have further questions you can contact the OHS Bookkeeper Polly Owen at firstname.lastname@example.org