Donations, Social Responsibility and Tax Benefits

In this post:

Individual Donations
Corporate Donations
Donations from Self-Employed/Partnerships

If you’re thinking about supporting a non-profit organisation like BrightPaths CIC but are uncertain about the donation process, don’t worry. Whether you want to contribute to your community or improve your corporate social responsibility initiatives, we have you covered. Here’s everything you need to know about donating to BrightPaths or any other CICs and non-profit organisations limited by guarantee with a charitable mission.

Individual Donations

If you’re an individual looking to donate to a registered charity, adding Gift Aid as a UK taxpayer is the way to go, as it increases the amount the charity receives. However, when donating to a CIC like BrightPaths, Gift Aid doesn’t apply; you donate the sum you wish to contribute to support the cause.

Corporate Donations

For businesses, there are tax considerations to keep in mind when donating to a CIC. While donations to a CIC may not qualify for the same tax relief as those to a charity, there’s still potential for tax deductibility under different rules.

Treat your donation to BrightPaths CIC as a normal trading expense akin to a marketing expense. While the expenditure does not have to yield significant benefits, it’s still tax-deductible. In many cases, BrightPaths CIC may offer to promote your business through its social media channels in exchange for your donation or sponsorship.

Donations from Self-Employed/Partnerships

This donation has to be paid gross and treated as a normal trading expense.

Get in Touch

If you want to learn more about how your business can support BrightPaths CIC and the potential tax benefits, don’t hesitate to reach out. We’re here to answer any questions and explore collaboration opportunities that align with your corporate social responsibility goals. As always, discuss your plan with your accountants to make sure your donation or sponsorship works for you.

Your contribution can make a real difference in supporting our mission and initiatives. Together, let’s create positive change in our community.