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Donations & Covenants
Donations
By making a donation to Merchants Quay Ireland you will be helping us to assist homeless people to find accommodation and work. You will also help drug users to minimise the harm caused to themselves, their families and the wider community through their involvement with drugs and help them to grasp the opportunity to move towards a drug free lifestyle.
Personal Donation: You can make personal donation at any time no matter how big or small. Either download the form below or donate online right now.
Corporate Donation: A Company can get tax relief on a donation to Merchants Quay Ireland. If your company pays corporate @ 20%, you can get 20% tax relief on your donation. For example, if your company denotes €5,000 to Merchants Quay Ireland the company only pays €4,000 yet the Merchants Quay Ireland service users get the benefit of €5,000.
Donation Form
You can donate to
Merchants Quay Ireland
by printing out and filling in
this donation form.
You can make a donation by credit card, cheque or money order. Please post the completed form to:
Merchants Quay Ireland,
Fundraising Department,
10 Newmarket,
Dublin 8.
If you'd like to become a regular Merchants Quay Ireland donor, why not think about a standing order? This is the best form of donation for us, because it gives us reliable income that allows us to plan our services. Print out the form above, fill in the details for the standing order section, and send it to the address above. We'll do the rest. You can choose to pay a regular amount each month, each quarter or annually.
Covenants
A Deed of Covenant is an agreement to pay a fixed sum each year out of your income for a minimum of four years.
How is the money is used
In order to accord with the legal requirements governing covenants, all donations received through covenants by Merchants Quay Ireland are used by our research and development division, allowing Merchants Quay Ireland to undertake and publish valuable studies. Research is essential to our work, because it is only by understanding the nature, extent and causes of the drug use or homelessness that we can help people to take control of their lives.
Are there any extra benefits to Merchants Quay Ireland?
Yes. Assuming covenanted monies are donated by Irish taxpayers, Merchants Quay Ireland can reclaim the amount of tax payable on your gift.
Are there any benefits to the donor?
Yes. Because Merchants Quay Ireland uses the money it receives through covenants for research purposes, you may reclaim tax on our covenanted donations from the Revenue Commissioners. If you have donated, say, €100 and you pay tax at the higher rate of 42%, you will get back the difference between the higher and the lower tax rate (20%) i.e. €22.
Are there any restrictions on what I can give?
Yes. You can only use the covenant system to make donations out of tax-chargeable salary that is gross salary less mortgage tax relief. Also, covenants may not exceed 5% of taxable salary.
Apply to the Revenue Commissioners for more information or get in touch with:
The Charities Section
Office of the Revenue Commissioners
Government Offices
Nenagh
Co Tipperary
Tel: +353 67 33533.
There is also a Dublin number: Tel: +353 1 677 4211
They can answer all your questions and, if you would like to set up a deed of covenant, they will send you the relevant forms.
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