Date: Thu, 31 May 2001 11:18:18 -0000
From: Jane McGeary
Does anyone have a clear understanding of the issues surrounding the eligibility of sponsorship monies being gift aided?
I have read and heard conflicting reports from charity publications and some tax documents.
The arguments seem to range from a Yes, sponsorship monies cannot be gift aided because:
- Running the marathon or taking part in the cycle (for example) could be construed as a benefit for the individual especially when it concerns bonded places.
- The support/sponsorship given isn't necessarily given to the cause but to the individual collecting.
On the other hand:
- It is easier to argue that running in a marathon is a benefit but a sponsored slim for example cannot be classed in the same bracket. Are there different rules for different sponsored events?
- At the end of the day, the monies do go to a charitable cause.
Any input would be greatly received.
Thanks,
Jane McGeary
Community Fundraiser, Skylarks Winged Fellowship Trust
(Providing holidays for people with disabilities and planned breaks for their carers.)
Adbolton Lane
Nottingham
NG2 5AU
E.mail: wftappealsmid@hotmail.com
Charity Number: 295072
