NPT Transatlantic accepts a wide range of assets, including:

• Cash
• Shares or securities which are listed on any recognised stock exchange. These include London Stock Exchange (LSE), Alternative Investment Market (AIM), NYSE, NASDAQ, and any other recognised overseas stock exchange.
• Other more illiquid assets, such as alternative investments, tangible personal property, and real estate. Please contact us to discuss any proposed gift.
• Transfers and grants from other donor-advised fund programmes.
• Transfers and grants from charitable trusts and foundations.
• Bequests from wills

NPT Transatlantic strongly encourages you to consult with your tax advisor or legal advisor before making a charitable contribution.

All gifts to NPT Transatlantic are irrevocable and must be completely given, without reservation of benefit, in order to qualify for charitable tax reliefs. A contribution becomes a donation when the asset is “out of the donor’s control.” This is determined by the type of asset you contribute, when and how it is transferred to your donor-advised fund account.

Cash and gifts of shares are the most common contributions.

Cash contributions are eligible to benefit from Gift Aid in the UK. NPT Transatlantic will claim Gift Aid on your contribution and apply the additional amount (25% of your net contribution) to your donor-advised fund account.

If you pay over the basic rate of tax in the UK, then you are eligible to claim the difference between your tax rate and the basic rate of tax on the gross donation.

A gift of shares has a double tax benefit. If gifted to your donor-advised fund account, you do not pay any capital gains tax on shares that have increased in value and you can claim income tax relief on the total fair market value of the contribution on your self-assessment tax return.

Payroll Giving is a UK scheme which allows you to donate to charity from your pre-tax salary. Payroll Giving donations are deducted before tax so each £1,000 you give will only cost you £600 if you’re a higher rate (40%) taxpayer or £550 if you’re an additional rate (45%) taxpayer. If you would like to support your donor-advised fund by giving in this way, please check with your payroll or HR department to learn if your company already operates a payroll giving scheme. If it does, simply ask them for a form and complete it with your chosen amount and name NPT Transatlantic, charity number 1153376, as your charity.

The minimum required to open a donor-advised fund account with NPT Transatlantic is  £50,000/$80,000 or more. Once your account is established, you can make subsequent contributions of £2,000/$3,200 or more.

Yes.

To benefit from Gift Aid and higher rate tax relief on your UK tax return, your UK income and/or capital gains tax liability for each tax year must be equal to or greater than the amount of Gift Aid claimed on your behalf by charities for that tax year.

You may contribute £2,000/$3,200 or more at any time. Many donors like to add to their donor-advised fund accounts immediately after they recommend a grant. Others prefer to make regular contributions and build up the account for future grantmaking.

It is important to consult your tax advisor since there may scope for planning your giving to maximise tax reliefs. This is of particular importance for UK-US taxpayer donors.

The UK tax year runs from 6 April in one year to 5 April in the next. In the UK, to qualify for tax relief, an eligible gift may be received by NPT Transatlantic by 31 January after the end of a tax year and still be counted towards that tax year as long as you have not yet submitted your self-assessment tax return.

The US tax year runs from 1 January to 31 December in each year. In the US, to qualify for a US deduction up to applicable limits, the gift must be received by NPT Transatlantic by December 31st of the year for which the deduction will be taken.

Yes. NPT Transatlantic provides you with a  confirmation of your contribution(s) that will be a suitable record for your UK taxes and a receipt that is suitable for US tax purposes.

With a donor-advised fund account, you can immediately claim tax relief on your contribution. If your cash gift benefits from Gift Aid, you will receive a second confirmation once Gift Aid is received.

Because tax relief is available immediately for eligible contributions, grants made from your donor-advised fund account are not subject to additional tax advantages.

You may recommend an investment approach for your DAF assets.

If your contribution is liquid, we invest it within several business days of receiving it. If your contribution is illiquid, we invest it within several business days of receiving proceeds from its sale.

For detailed information, please visit our Tax Advantages page.

Gift Aid is the name of the UK tax incentive for cash donations. Gift Aid is a split tax incentive between the donor and the charity.

The charity, NPT Transatlantic, can claim 25 pence for every £1 contributed. NPT Transatlantic will claim Gift Aid on your cash contribution and credit your donor-advised fund account for the amount of the reclaimed Gift Aid.

If a donor pays over the basic rate of tax, they are eligible to claim the difference between their tax rate and the basic tax rate on the gross donation when completing their Self-Assessment tax return.

For more information about Gift Aid, see How Does Gift Aid Work? and visit the Gift Aid calculator on our Tax Advantages page.

Yes. Here are some general guidelines:

For US Tax Purposes

Cash: Your charitable deduction is the amount of your cash contribution, plus the value of Gift Aid reclaimed by NPT Transatlantic.

Publicly-traded shares: If you have owned your donated shares for more than one year your charitable deduction is the fair market value of those securities, determined by an average of high and low on the date you contribute them.

For UK Tax Purposes

Cash: You may claim the difference between your tax rate and the basic tax rate on the gross value of the contributions to NPT Transatlantic if you are a higher or additional rate taxpayer in the UK.

Publicly-traded shares: You may claim income tax relief on the total fair market value of the contribution on your self-assessment tax return (and the transfer will be free from capital gains tax).

NPT Transatlantic is a UK charity for tax purposes. Your gift of appreciated shares does not create a capital gains tax liability for either NPT Transatlantic or the donor.

No. Only contributions to NPT Transatlantic are eligible for tax relief/deduction. Growth within your donor-advised fund account is not eligible for additional tax relief/deduction.

UK:

There are no limits on the amount of tax relief that can be claimed on your tax return for your charitable contributions.

However, please note that your UK income and/or capital gains tax liability for each tax year must be equal to or greater than the amount of Gift Aid claimed for that tax year.

Please contact your tax advisor to evaluate your tax relief limits.

US:

Under the Internal Revenue Code, deductions for charitable contributions are subject to certain “percentage limitations.” That means you can deduct a stated percentage of your adjusted gross income (“AGI”) in the year you take the deduction. Contributions in excess of these percentage limitations may be carried forward for additional years.

Because National Philanthropic Trust is a public charity in the United States, percentage limitations that apply are the most favourable charitable deductions available. Deductions for contributions of long-term capital gain property—such as appreciated securities held for more than one year—are limited to 30% of AGI. Deductions for cash contributions may be taken up to 60% of AGI. Your ability to take itemised deductions may be subject to certain other limitations.

Please contact your tax advisor to evaluate your tax deductibility limits.

This difference is due to market fluctuations and liquidation costs.

NPT Transatlantic asks that you consult your tax advisor to determine your charitable tax deduction.

If you are a US taxpayer, you will receive a gift receipt and an IRS Form 8283 for eligible contribution(s) from NPT in the United States to file with your US tax return.

It is extremely important to review the information on this form since it is your responsibility to submit correct information to tax authorities.

NPT Transatlantic provides you with a confirmation of your contribution(s). This confirmation serves as a receipt for your UK taxes.

It is extremely important to review the information on this form since it is your responsibility to submit correct information to tax authorities.

No. When you make your initial contribution to a donor-advised fund, your contribution is eligible for Gift Aid and tax relief. That is because you do not receive any goods or services in exchange for that contribution. Charitable events and galas provide their attendees with benefits that aren’t tax deductible or eligible for tax relief, such as food, drinks and/or door prizes. Therefore, grants recommended for these purposes cannot be approved.

You may support any charity that is registered with the Charity Commission for England and Wales, Office of the Scottish Charity Regulator and Charity Commission of Northern Ireland, exempt UK charities (such as UK universities) or any charitable organisation that is tax-exempt under Internal Revenue Code (IRC) Section 501(c)(3) and public charities under IRS Section 509(a) in the United States.

You may also support other charities worldwide. These may require additional due diligence.

If you wish to plan for more strategic philanthropy, NPT Transatlantic can recommend professional consultants. You can contact our philanthropic team at +44 (0)800 133 7540.

Yes. Donors may recommend grants to charities worldwide. Grants to organisations outside of the UK or US require additional due diligence to determine if the charity is eligible. International grants also require additional monitoring.

You may recommend grants to qualified charitable organisations around the world at any time, provided your DAF has available funds and liquidity.

In the UK, organisations must be registered with the Charity Commission for England and Wales, Office of the Scottish Charity Regulator and Charity Commission of Northern Ireland or otherwise recognised as charities under the laws of those jurisdictions, including, for example, ‘exempt’ or ‘excepted’ charities.

In the US, organisations must be tax-exempt under US IRS Code Section 501(c)(3) and public charities under Code Section 509(a)(1), (2) or (3); and/or private operating foundations described in Section 4942(j)(3) of the US IRS Code. Grants may not be used to fulfil an existing pledge or support political campaigns or lobbies.

Grants to charities outside of the UK or US require additional due diligence and monitoring.

If you have a special grant request, please contact NPT Transatlantic.

Grants cannot be made to political candidates or parties. Grants cannot be used for any personal benefit, such as tuition, dues, membership fees or any goods purchased at a charitable auction.

Yes. You may also recommend a grant in someone’s honour or memory.

Yes. Please check the policies of your company.

NPT Transatlantic’s minimum grant is £200 or $320.

There is no limit to the number of grants you can recommend in a year.

NPT Transatlantic does not charge a per-grant fee. NPT Transatlantic may charge additional fees for grants under special circumstances, like a specialised grant agreement.

Grants will be processed once the recipient organisation has been approved to receive grants.