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Sixth Form Page 4 - Fundraising Details - The Ask

For over 450 years RGS has provided its pupils with an outstanding education, combining centuries of tradition with the best of modern educational practice. RGS boys consistently achieve exceptional public examination results and the breadth of co-curricular opportunity offered here is unparalleled in the state sector.

As with all state-funded schools, the financial situation for RGS is very challenging. The annual cost to run RGS will be approximately £6,700,000 next year (2019/20). The School receives the majority of its income from the Department for Education but this is insufficient to meet all of the running costs and a shortfall of approximately £300,000 is incurred every year. This is met through a number of initiatives to generate additional revenue. About 70% is raised through commercial activities, including the provision of Easter revision courses, the school shop and letting RGS facilities to third parties. The remainder is raised from the generosity of individual donors who support the School through attendance at events and donations to the RGS Annual Fund and ‘Friends of’ programmes. Whilst funds are raised to ensure the School meets its annual financial commitments there is no surplus available for investment in capital projects.

With no Government funding available, we are asking all members of the RGS community to join with us to raise the £1,000,000 required to build our Sixth Form Centre. Unashamedly ambitious for a state-funded school, our intention is to raise these funds in the next twelve months and open the Sixth Form Centre during the academic year 2020/21. With this in mind, please would you consider supporting the fundraising campaign with a donation?

All donation amounts, including the following suggestions, can be made as a one-off payment or in instalments:

Donation Amount 12 Monthly Payments 36 Monthly Payments Amount for RGS with Gift Aid
£250 £20.83 £6,94 £312.50
£1000 £83.33 £27.78 £1,250
£3000 £250.00 £83.33 £3,750
£6000 £500 £166.67 £7,500

As a registered charity, donations to RGS can be made tax-efficiently. If you are a UK taxpayer, your donation will qualify for Gift Aid and RGS can claim an extra 25p for every £1 you donate. In addition to the amount RGS can reclaim, if you pay tax at the higher or additional rates you

can claim Income Tax relief for yourself on the difference between your rate of tax and the basic rate during the completion of your self-assessment tax return.

Recognising your support

Unless preferring to donate anonymously, all donors will be listed alphabetically by last name on the virtual Campaign Donor Wall on the website. In addition, every donor will receive email updates on fundraising and building progress and will be invited to the opening of the new Sixth Form Centre.

Donations of £2,500 or more will be recognised as follows:

Pioneers (Donors giving £2,500 or more)

Donors giving £2,500 or more will receive a personal invitation from the Headmaster to join him for a reception and tour of the new facilities prior to the building opening. Pioneer names will also be listed alphabetically on a commemorative panel to be displayed permanently in the new building.

1562 Society Members (Donations of £15,620)

Individual donors giving £15,620 or more will become members of the RGS 1562 Society. This group recognises individuals in the RGS community who donate at this level to any one of the RGS fundraising programmes or remember the school with a legacy. 1562 Society members are invited to an annual reception hosted by the Headmaster, receive a copy of our annual 1562 Society e-newsletter, are acknowledged on our website and in relevant RGS publications and receive a small token of thanks. For the academic year 2019/20 all 1562 Society donations will be used to support the Sixth Form Centre fundraising campaign and individuals joining the 1562 Society during this year will be named on a commemorative panel to be displayed in the new building.

Benefactors (Donors giving £25,000 or more)

In recognition of their significant financial support, donors at this level will be offered the opportunity to name a space in one of the new facilities and invited to unveil a name plaque in that location at the opening event. Benefactors will receive special mention on our website and in relevant publications from RGS and they will be named as a Benefactor on a commemorative panel to be displayed in the new building.

Gift Aid

If you are a UK taxpayer, your donation will qualify for Gift Aid and RGS can claim an extra 25p for every £1 you donate. To enable us to do this you must have paid at least the basic rate of income or capital gains tax in that tax year and completed a Gift Aid declaration giving RGS permission to claim the tax. A single Gift Aid form will enable RGS to reclaim tax on any future donations you make for the time you remain a UK taxpayer.

In addition to the amount RGS can reclaim, if you pay tax at the higher or additional rates – 40% and 45% respectively - you can claim Income Tax relief for yourself on the difference between your rate of tax and the basic rate (20%).

The following table illustrates this at a variety of giving levels:

Donation Amount

Amount for RGS with Gift Aid

Actual cost to higher rate tax payer (40%)

Actual cost to additional rate tax payer (45 %)

£100

£125

£75

£69

£1,000

£1,250

£750

£688

£5,000

£6,250

£3,750

£3,437

£10,000

£12,250

£7,550

£6,938

£15,000

£18,750

£11,250

£10,313

£25,000

£31,250

£18,750

£17,187

£30,000

£37,500

£22,500

£20,625

£50,000

£62,500

£37,500

£34,375

£75,000

£93,750

£56,250

£51,562

£100,000

£125,000

£75,000

£68,750