Tax efficient giving to Maynooth College
The tax-efficient ways of making gifts are as follows:
Republic of Ireland: Make cheques payable to Saint Patrick’s College, Maynooth.
- Payments of €250 or more are Tax deductible.
- Under arrangements as of 1st January 2013, St Patrick’s College can claim the tax paid on your gift of 31%regardless if you are a PAYE or Self Assessed taxpayer.
- Companies can still claim their donations as an allowable expense.
Northern Ireland & UK: Make cheques payable to Maynooth Educational Trust.
- Maynooth Educational Trust will reclaim the tax you have paid on your donation at the standard rate of 25%.
- On receiving your donation, we will provide you with a Gift Aid Declaration which you will sign and return to us, to enable us to reclaim the tax.
- In addition, if you pay tax at the higher rate, you can reclaim the tax difference between the 40% that you have paid and the 25% rate.
U.S.A.: Make cheques payable to Irish Educational Development Foundation (IEDF).
- Saint Patrick’s College, Maynooth receives tax-deductible support from US benefactors through the Irish Educational Development Foundation Inc.
- Gifts made to the IEDF are deductible for US income tax purposes. The IEDF fulfils its duties and obligations as a US tax-exempt organization under section 501(c)(3) of the Internal Revenue Service Code.
St Patrick’s College is continually developing and upgrading its facilities and services. Donations from the Friends of Maynooth is what makes our work possible.
The Friends of Maynooth enabled the College to build the Pope John Paul II Library in the early 80’s. Since then every major building has been restored, culminating in the restoration of the College Chapel which is underway.
We would very much like your help. If you would like to become involved, you may contact the President directly:
Monsignor Hugh G Connolly
Saint Patrick’s College
County Kildare, IRELAND