For over a century, the Trust has aimed to enable access to higher education and to further the research capabilities of Scottish universities.
Scotland’s economic and social development requires a highly qualified graduate workforce to meet future demands. Despite increasing state support for undergraduate study, the trust plays an important role in ensuring the widest possible range of students can benefit from higher education. We take pride in the way that Scottish researchers, with our support, are also responding to major challenges such as poverty, economic uncertainty, food security, higher energy demands, climate change, and human health.
Today, we continue the work envisaged by our founder thanks to generous donations and gifts. Donations and legacies from former beneficiaries, grant recipients and other supporters help the us carry on and extend our work in the changing landscape of Scottish higher education.
Even a small gift can have a transformative impact on the student or researcher benefitting from our grants. Here are a few examples of how your contribution can be applied:
If you would like to make a one off donations, you can either:
Regular donations can be made by setting up a standing order or, if you are employed and paying tax in the UK through payroll giving (see below). Please contact the Trust to enquire about regular donations.
Gift Aid is a UK government scheme that allows us to claim tax relief on donations from UK taxpayers. Eligible donors can use this scheme to maximise their donation. For every £1 a UK taxpayer donates, 25p in reclaimed tax is added. This means that a £100 gift with Gift Aid is worth £125 to the Trust.
To donate with Gift Aid, complete our Gift Aid form and return it to us with your donation.
Please note that we will share relevant and necessary data with HM Revenue and Customs to enable us to reclaim the Gift Aid on your donation.
Donations from companies are not eligible for Gift Aid. However, the company can treat the gift as an allowable expense, making a saving on corporation tax.
Payroll giving (or Give As You Earn) is a scheme that allows anyone who pays UK income tax to give regularly and on a tax free basis. Making a donation to the Carnegie Trust direct from your salary is tax free for regular or single gifts. Check with your Human Resources department to find out if your employer runs the scheme.
For more information on payroll giving, please visit the HM Revenue & Customs website.
Both former beneficiaries of funding from the Trust and supporters with a particular interest in research and education have used legacies to support the work of the Carnegie Trust.
A will is very personal, and we quite understand if you prefer to keep your intentions private. It is important, however, for the wording of your legacy to be as general as possible as our strategic priorities respond to changes or challenges placed on students and researchers.
If you have a specific purpose or scheme in mind, we encourage you to contact the Trust for a confidential discussion. This will ensure that the use of your gift honours your intentions and that it can be accepted by the Trust as supporting our aims.
We are unable to offer legal or financial advice, but we are happy to answer your questions about legacies in general.
We encourage potential donors to ensure our full name and address is listed: Carnegie Trust for the Universities of Scotland, Andrew Carnegie House, Pittencrieff Street, Dunfermline KY12 8AW.
Share giving is the most generous tax relief available to benefactors, combining relief on income and capital gains tax. In the UK, share gifts qualify for tax relief equal to the market value of the shares on the day the gift is made, including associated costs such as broker fees. The tax relief can be claimed for the year in which the gift is made.
For example, a gift of £1,000 worth of shares, made by an individual who is a higher rate taxpayer, would reduce their income tax by up to £500 for the year. Additionally, the benefactor would not have to pay any Capital Gains Tax (CGT) on any increase in the value of the shares since they were bought. If the shares have gone down in value, however, it is not possible to use this loss to offset any other CGT liabilities.
Donors wishing to give shares to the Trust can complete and mail us the UK share giving form.
You can also nominate the Carnegie Trust for the Universities of Scotland as a beneficiary in your pension or SIPP (Self Invested Personal Pension). Please speak to your pension provider to nominate the Trust.
“The Carnegie Vacation Scholarship is allowing me to further develop my computer programming and materials science knowledge. My project allows me to apply my engineering knowledge to marine biology which is improving my confidence as well as letting me build on the skills I developed whilst writing my dissertation.”
“Carnegie Trust is enabling me to be a positive role model to my children while pursuing my ambition to become a social worker. Without funding from the Trust, I would not have been able to attend university nor had the opportunity to achieve student social worker of the year 2017 at the British Association of Social Work.”