EV Grow – Our Stories | Q&A | Giving to EV Grow
EV Grow and Tax Deductibility
For this EV Grow campaign, 50% of your pledge or one-off gift will be tax deductible.
That’s different from previous years when gifts were fully deductible. This is because our buildings are used for more than teaching, and we need to reflect that in what can be funded through tax-deductible gifts. By reducing the tax-deductible portion for this campaign, we hope to return to greater or full deductibility in the next.
When will I receive my tax receipt?
Tax receipts are issued in July each year. It will show the deductible amount, which is half of what you’ve given across the year.
Does this apply to both the three-year pledge and the one-off gift?
Yes. Both are treated the same way – 50% deductible, 50% non-deductible.
What does this mean for my own tax return?
Everyone’s situation is different, so it’s best to check with your accountant or a registered tax agent.
If you have any further questions please contact [email protected].