Keep the Gift Aid Tax Break, UK Fundraisers Say

CATHY PHAROAH, CO-DIRECTOR, CENTRE FOR CHARITABLE GIVING AND PHILANTHROPY

"Getting an adequate sample of very wealthy donors is extremely difficult for any study. It will be very hard to get a true reflection of the likely behaviour of wealthy donors, because some might not want to say they would rather keep the tax break. They might feel it looks non-altruistic. Also, if you take away the tax break incentive there will be less need for advisers on charitable giving, which could have a negative impact on the sector because there would be fewer people advising donors on the best way to invest money."

WHAT OBAMA SAID
Last month, President Obama proposed reducing tax breaks on charitable donations by higher-rate taxpayers to fund reform of the US healthcare system.