Giving to Penn from the United Kingdom

You can make a gift online using a credit card. When you enter a UK address, Penn’s online giving form will allow you to make a gift through the UK Foundation in British pounds or U.S. dollars. The form will also ask whether you would like to claim Gift Aid. If you agree, the UK Foundation will claim Gift Aid on your behalf.

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If you choose to give by check, money order, or bank draft, please make your gift payable to University of Pennsylvania (USA) Foundation Limited. Gifts are accepted in both sterling and U.S. dollars.

Mail your gift to:
University of Pennsylvania (USA) Foundation Limited
c/o Eileen Flood
19 Norcott Road
London N16 7EJ
United Kingdom
tel: +44 (20) 7502 2813
Eileen_flood@protonmail.com

With your gift, please include:

• Your contact information
• Your name as you’d like it listed for recognition purposes
• Amount of your gift
• Penn program(s) you’d like your gift to support

You can also make a gift to the University of Pennsylvania (USA) Foundation Limited by wire transfer. Donations are accepted in sterling or U.S. dollars. The wiring instructions are as follows:

University of Pennsylvania (USA) Foundation Limited Bank Account Details

Sterling account:
HSBC, 90 Baker Street, London W1U 6AX
Account Name: University of Pennsylvania (USA) Foundation Limited
Sort Code: 40-06-09
Account No. 31474049
IBAN: GB24HBUK40060931474049
SWIFT BIC: HBUKGB4142L

Dollar Account:
HSBC Bank, 8 Canada Square, London E14 5HQ
Account Name: University of Pennsylvania (USA) Foundation Limited
Account No. 60097616
Sort Code: 40-12-76
IBAN: GB17 HBUK 4012 7660 0976 16
BIC: HBUKGB4B

*In the wire reference, please include your name and contact information.

UK Foundation Bank Wire Instructions

You can sell shares and give the proceeds to the UK Foundation. Alternatively, you can give your shares directly to the UK Foundation.

Please note that shares given directly to the UK Foundation must be HMRC-qualifying shares, and gifts of shares are not eligible for Gift Aid.

Gifts of shares may offer tax advantages, including potential capital gains and income tax relief. We recommend that you consult with your tax advisor before making a gift.

To get started, contact your broker to initiate the transfer and then, download the UK Foundation Securities Transfer Form and either fax, mail, or email a copy to:

Jean Suta
2929 Walnut Street, Suite 300
Philadelphia, PA 19104-5099
Telephone: (215) 898-7254
Fax: (215) 573-5118
STOCKGIFTS@Lists.upenn.edu

*Please note the importance of including your name and contact information so that we are able to match the stock transfer to your gift intention.

UK Foundation Securities Transfer Form

A charitable legacy through the UK Foundation can support Penn’s educational and institutional mission for future generations and may qualify you for membership in the Harrison Society.

For UK taxpayers, leaving a charitable legacy in your will can reduce the UK inheritance tax that has to be paid on your estate.

There is also an additional incentive for people to leave at least 10% of their net estate to charity, as they will pay a reduced rate of inheritance tax on the remainder of the estate.

Penn’s Gift Planning office can help you better understand how a gift to the UK Foundation can support life and learning at Penn. Visit our Gift Planning page or contact us directly at giftplan@dev.upenn.edu.

The UK Foundation maintains an offshore account to enable UK taxpayers to use offshore funds to make a gift. These funds qualify for Gift Aid tax relief, as long as you have paid UK tax up to the amount being claimed.

For more information please contact our UK Foundation administrator, Eileen Flood.

Your employer may offer a matching giving scheme, where they will match gifts made by their employees—resulting in your gift being worth even more to Penn.

In many cases, participating companies will match an employee’s donation pound for pound up to a set amount; some will even double-match.

Please contact your Human Resources department to ask whether your employer offers a matching gift scheme. If your employer does offer such a scheme, send any necessary forms to the University of Pennsylvania (USA) Foundation Limited for processing.

University of Pennsylvania (USA) Foundation Limited
c/o Eileen Flood
19 Norcott Road
London N16 7EJ
United Kingdom
+44 (20) 7502 2813
Eileen_flood@protonmail.com

If your UK employer has a payroll giving scheme, you can give directly to Penn from your pay before tax is deducted.

You get tax relief at your highest rate of tax, so giving £1 would cost a basic rate UK taxpayer only 80p.

Gift Aid is a UK tax incentive that enables the UK Foundation to reclaim the basic rate of tax on your gift at no extra cost to you.

Gift Aid gives you an extra 25p for every £1 you give—increasing the value of your gift by 25%. This means that a £100 gift with Gift Aid is worth £125 to Penn.

The UK Foundation is dual qualified, meaning U.S. taxpayers can also deduct their gift, as well as their Gift Aid value, for their U.S. tax purposes. In addition to a UK gift receipt, donors will receive a U.S. receipt for the amount of the initial gift, and an additional U.S. receipt for the Gift Aid amount.

If you’re a higher-rate UK taxpayer and complete a Self-Assessment tax return form, you can also claim back the difference between higher-rate and basic-rate tax on the value of your donation.

The remittance basis charge is treated as tax for the purposes of Gift Aid. Non-domiciled donors paying this charge may make a donation to the UK Foundation, and depending on the gift amount, the Foundation may be able to reclaim the whole remittance basis charge, thereby increasing the overall gift received.

You may claim additional tax relief as a higher-rate taxpayer if you have paid additional UK tax.