Charitable Donation Scheme
The Charitable Donation Scheme allows tax relief on qualifying donations made to approved bodies. For the purposes of the Charitable Donation Scheme, an approved body is:
- “primary, second and third level institutions who have programmes approved by the Minister for Education and Skills”
If an individual donates €250 or more in a year, the school can claim a refund of tax paid on that donation.
If a company donates €250 or more in a year, the company itself can claim a tax deduction as if the donation was a trading expense.
There is a four-year time limit for making a claim under this scheme.
> See Further Guidance on schools availing of tax relief on charitable donations for more info.