Donations
This fundraising option is asking our club members, ex-players, our diaspora and our wider community.
This fundraising option is asking business people or donors.
Please Support our Journey
As part of our ambitious facilities development plans, we need to raise funds to develop our facilities. The Club is launching two main initiatives, and we will require your financial support in this regard. We do not make the request lightly; however, we do make it earnestly.
The success of our ambitions will be built by our community. Our aim is to modernise our club and to provide a top tier infrastructure for all players from Academy to Adult.
As part of our five-year strategy, there are a number of fundraising options , we aim to offer an affordable option for all our valued supporters.
In both models, flexible payment options are available as Monthly (over 5 years) / Annual (over 5 years) / Once Off Payments
- The Gaels 300 Club is tailored toward our club members, players and ex-players, our diaspora and our wider community.
- The Gaels 52 Club is tailored toward our business donors
How do donations from NON-PAYE Taxpayers work?
If you individually or jointly pay any tax under the self-assessment scheme, in your tax return you can directly claim tax relief on your donations. For example, if a self-assessed individual, who pays income tax at the higher rate of 40%, makes a donation of €1,000 to the club, the value of that donation to the club is €1,000. However, the actual cost of the donation to the individual may be calculated as follows:
- Donation to the club €1,000
- Tax relief available to the donor €400, as part of their annual tax return.
- Actual after-tax cost of donation to the donor €600
In summary, if self-assessed, individuals are personally entitled to claim tax relief for donations.
How do donations from PAYE Taxpayers work?
For PAYE workers your contribution is paid from your after-tax income, and provided you donate at least €250 in the calendar year, Roscommon Gaels can claim a refund on tax you have already paid. The tax rebate costs the donor nothing extra but provides a huge additional financial benefit to the Club.
Donation from a company?
The company is entitled to claim a deduction for the donation as if it were a trading expense. For example, a company donates €1,000, the value of that donation to the Club is €1,000. However, the actual cost of the donation to the company may be calculated as follows – (i) Donation received by the Club €1,000 (ii) Tax relief available to the company as deductible expense at 12.5% (€125) as part of their annual Corporation Tax. (iii) Actual after-tax cost of donation to the donor €875.
Donation Monthly | €25 | €35 | €50 |
Annual cost to donor | €300 | €420 | €600 |
For donors paying PAYE income tax @ 20% | |||
Club applies a Tax refund of | €75 | €105 | €150 |
Total Benefit to the Club: Donation + Tax Refund | €375 | €525 | €750 |
For Donors paying PAYE Income Tax @ 40% | |||
Club applies for a Tax refund of | €200 | €280 | €400 |
Total Benefit to the Club: Donation + Tax Refund | €500 | €700 | €1,000 |