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Arts missing out on Gift Aid

29.03.10

FILED UNDER: Industry news

More than 25% of arts organisations eligible are failing to claim Gift Aid, according to Arts & Business analysis.

Colin Tweedy, Chief Executive of Arts & Business said: “In a climate of recession where the arts sector is increasingly asking the government to consider further tax incentive schemes, it is vital that Gift Aid is seen to be successful or further schemes will not be considered” said Colin Tweedy, chief executive of A&B. “Clarity around tax benefits is essential for philanthropic giving to grow in future years.”

A&B’s 2008/2009 Private Investment in Culture survey suggests that whilst large and medium organisation are claiming Gift Aid (87%), only a small proportion of small organisations (12%) are.

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