As a valued donor, you have control over where your gift to Merton College is allocated, and the purpose for which it is used. Typically, most major gifts (those of £25,000 or above) received by the College are restricted for a specific programme or project. A gift is restricted when the donor indicates on a cheque, donation form, or other correspondence, a specific purpose for the gift.
Restricted gifts are deposited into one of over 100 College accounts, and the designation of a gift is confirmed on the donor receipt. If the gift is made on condition that it should be invested for recurrent use, rather than spent, it is an endowment, otherwise it is a restricted fund. If a gift is donated to an endowment on the basis that it is to be held in perpetuity, or if only the income (or total return) and not the capital may be spent, then it is permanent, otherwise it is expendable.
We aim to acknowledge all donations within three working days of receipt. Our practices and procedures are reviewed by the College’s Benefactions Committee, comprised of Mertonians and College Officers, who regularly review our processes, to ensure that your gift is properly acknowledged and allocated and that our process is transparent and provides good service to donors who make a gift to Merton; their 2015 report is now available.
As a Registered Charity No. 1139022, Merton is fully compliant with all UK charity law, and we hope you agree that our policies and procedures ensure the fidelity of the use of your gifts to the highest standard.