What is Cambridge in America (UK) Ltd?
Cambridge in America (UK) Ltd. — CAm (UK) — is registered as a charity in England and Wales (Charity No. 1128757; Company No. 6804777). Its sole shareholder is Cambridge in America, a US 501(c)(3) organization. This dual-qualified structure allows the same gift to attract tax relief in both the UK and the US. Funds are remitted to the University of Cambridge and its Colleges in accordance with donor wishes, subject to approval by the Trustees.
Why give to CAm (UK)?
Giving to CAm (UK) allows UK taxpayers to claim Gift Aid while preserving eligibility for a US federal income tax deduction on the same gift. For dual US–UK taxpayers, this can significantly reduce the net cost of giving.
How does Gift Aid work?
Gift Aid allows CAm (UK) to reclaim basic rate income tax (20%) from HMRC on your cash donation, meaning a £1 gift becomes £1.25. To qualify, your UK income tax and/or capital gains tax liability in the year of the gift must equal or exceed the amount CAm (UK) reclaims. The UK tax year runs 6 April to 5 April and there may be some limited scope for donors to 'carry back' a gift into a previous tax year.
How do I apply for Gift Aid?
Complete a Gift Aid Declaration Form and include it with your gift, payable to Cambridge in America (UK) Ltd. One declaration covers all current and future gifts. CAm (UK) will reclaim the tax from HMRC and confirm the amount to you. For more information on Gift Aid qualifications, please visit the HMRC website.
How is my gift treated on my US tax return?
Gifts to CAm (UK) qualify for a US federal charitable deduction, subject to standard IRS limits and the requirement to itemize.
What gifts are accepted and in what currency?
CAm (UK) accepts cash via wire transfer, publicly traded stocks and shares, and legacies in pounds sterling or US dollars. Donors are encouraged to make requests as to the allocation of the gift to be approved by the Trustees of CAm UK. Please contact us regarding other types of assets.
What receipts will I receive?
You will receive a UK tax receipt from CAm (UK) and a US tax receipt from Cambridge in America, noting both the gift amount and any Gift Aid claimed.
Whom do I contact for more information about Cambridge in America (UK) Ltd?
Liliya Panko, Chief Financial Officer and Chief Operating Officer
Cambridge in America
1120 Avenue of the Americas
7th Floor
New York, NY
Tel. 212.984.0960
giving@cantab.org
Cambridge in America (UK) Ltd. is a registered charity No. 1128757 – Registered as a company in England and Wales No. 6804777
Legal Disclaimer: This page provides general guidance only and does not constitute tax, legal, or financial advice. Tax rules are complex and depend on individual circumstances. Consult a qualified adviser before making any charitable gift, particularly if you are subject to tax in more than one jurisdiction. The information above is based on current UK and US law and HMRC/IRS practice, which may change. Cambridge in America (UK) Ltd, Cambridge in America, and the University of Cambridge accept no liability for any loss arising from reliance on this information. For HMRC Gift Aid guidance visit gov.uk/donating-to-charity/gift-aid; for US deduction rules see IRS Publication 526.