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gift aid Line breaks: gift aid

Definition of gift aid in English:

noun

[mass noun]
1 (Gift Aid) British A scheme enabling registered charities to reclaim tax on a donation made by a UK taxpayer, effectively increasing the amount of the donation: using Gift Aid means that the taxman will add 28p to every pound you give [as modifier]: Gift Aid donations
More example sentences
  • In 2002, about 31% of charitable donations in Britain were made through Gift Aid.
  • The partner with the higher tax rate should claim the gift aid relief.
  • Last year alone, 56,000 charities claimed over half a billion pounds extra through the Gift Aid scheme.
2US Financial aid which does not require repayment, such as student grants and scholarships: there are four types of federal grants that could help you pay for college, all of which fall under the umbrella of gift aid
More example sentences
  • This is the best type of aid available and it is categorically referred to as 'Gift Aid,' because you are not required to pay it back after graduation.
  • Gift aid equals all scholarships and grants both merit and need based, and from federal, state and institutional sources.
  • There are other variables, such as family size, number of children in college, and family strength in assets which can mean that some families in a given income range will receive more gift aid, while others will receive less.

verb

[with object] (usually gift-aid) British Back to top  
Make (a donation) to a registered charity under the Gift Aid scheme: he gift-aided the money—which added quite a lot to the total
More example sentences
  • Charities get an extra 28p for every pound that is gift-aided.
  • Don't forget to Gift-Aid your gift, as that way for every £1 you give, Gordon Brown gives 28p!
  • If you have paid to visit a large house or beautiful garden recently you have probably been asked to "gift aid" your entrance fee.

Definition of gift aid in:

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