Why open a Relief Chest?

Interest Rate

A favourable interest rate is earned on the funds held by the Grand Charity on behalf of Chest holders. No tax is payable on interest earned and each Chest receives the same rate, no matter what the balance is in the Chest.

Tax Relief

All eligible donations received through Gift Aid are tax efficient, so donors can be confident that they are maximising their giving. Under the Government's Gift Aid Scheme, HMRC gives an extra 25p for every pound donated to The Freemasons' Grand Charity. So a donation of £100 is worth £125 to the Charity. Higher rate income tax payers can claim tax relief, equivalent to the difference between the higher and basic rate of tax.

Ease of depositing

Payments can be made into Chests by BACS, Direct Debit, cheque, Gift Aid envelope or telephone.

Ease of donating to charities

The Relief Chest Representative and one other Senior Officer (e.g. Treasurer, Almoner, Secretary, Charity Steward, etc.) authorise Payment Vouchers for the benefit of registered charities or for charitable purposes.

It is free!

There is no direct cost to Relief Chest holders.

Reports

The Relief Chest Representative receives an annual statement, listing all activities in the Chest. Interim statements and subscribers lists are also available on request.

Festival Relief Chests

Provincial / Festival Relief Chest holders also benefit from comprehensive performance projection reports by members and Lodges. Customised stationery may also be provided for Festival Relief Chest holders at no cost.