Ways to give

Further information on current projects can be found at www.giving.auckland.ac.nz

Payments to the Foundation may be made by electronic transfer to:
The University of Auckland Foundation
A/C # 02-0100-0070903-00
Bank of New Zealand, Queen St, Auckland, New Zealand
Swift Code: BKNZNZ22

Or by cheque or credit card with payment made out to: "The University of Auckland Foundation" and mailed to:
The University of Auckland Foundation
c/- Alumni Relations and Development, The University of Auckland
Private Bag 92019, Auckland 1142, New Zealand

A receipt will be issued, usually within a week of receiving payment.

Since capital gains or estates are zero-rated in NZ, any gift from capital or an estate is completely free of tax and because of the charitable status of the Foundation all subsequent investment returns on that gift accrue free of tax.

A gift to the University of Auckland Foundation qualifies a donor for the normal tax credits or deductions associated with a gift to a charity in NZ.

Individual taxpayers are generally allowed a tax credit of $1 for every $3 given, but the tax credit cannot exceed one third of the taxpayer's net "taxable income". For example, a gift of $15,000 to the University of Auckland Foundation would normally allow a donor to receive a tax credit of $5,000 from the IRD (provided the donor's net "taxable income" was at least $15,000).

A company is generally entitled to claim a deduction for all charitable gifts up to the company's net income.

The preceding information is of a general nature and does not constitute individual tax advice. Prospective donors should consult the IRD or their tax advisor for advice relating to their individual circumstances.

In particular, they should note that not all income (including income from most PIE investments and income from most pensions other than NZ Super) is classified as "taxable income" by the IRD and hence will not normally generate the donation tax credit, so advice from a properly qualified tax advisor, taking into account the donor's specific circumstances, should be considered, especially for more significant donations.