- 1US Financial aid that 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 aidMore example sentences
- Students and families must understand the difference between "gift aid" (scholarships and grants) and "self-help aid" (work-study programs and loans requiring repayment).
- "When it comes to gift aid, it is critical for students and families to understand any requirements that must be met to remain eligible for these funds."
- Gift aid equals all scholarships and grants both merit and need based, and from federal, state and institutional sources.
- 2 (Gift Aid) British A program 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 donationsMore example sentences
- Gift Aid works by your chosen charity reclaiming basic rate tax on your gift from the Inland Revenue.
- Gift Aid donations from taxpayers attract basic-rate tax relief at 22% at the very least.
- She said: "People should remember that taxpayers can do Gift Aid."
verb[with object] (usually gift-aid) British Back to top
- Make (a donation) to a registered charity under the Gift Aid program: he gift-aided the money—which added quite a lot to the totalMore example sentences
- Charities get an extra 28p for every pound that is gift-aided.
- All donations to the appeal can be Gift-Aided, allowing us to claim 28p from the Inland Revenue for every pound donated.
- The Diocese of Leeds is hoping to pay for the work to St Anne's by asking parishioners to pledge a £20 donation, gift-aided for five years.
More definitions of gift aidDefinition of gift aid in:
- The British & World English dictionary