My 8 year old son was diagnosed with Acute Myeloid Leukeamia just before Christmas. The hospital he is in has a charity, but any requests for funding (support for the families, games and stationary for the kids, even simple items like toileteries for parents who stay in all the time) take time (sometimes upto a year) and the specific ward that my son was on had specific requirements that were getting overlooked because of the priorities of 100's if not 1,000's of requests for funding from all over the hospital. So I decided to crowdfund on JustGiving for the ward expecting to raise a few hundred pounds. However, we have raised over £20,000 which we are discussing with the ward to determine where they would like the funding to go.
I was wondering if anyone here knows if this money is subject to income tax as it has been crowdfunded and we are not a registered charity.
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If I read the OP correctly the fundraising was always intended for the ward and not for you/your son personally. On that basis it sounds from this - https://help.justgiving.com/hc/en-us/articles/202748761-Getting-started-... - like you should have set up a fundraising page direct for the ward charity.
Thanks for the responses, however, the reason for the crowdfund was because the ward has no charity set up for it alone and has to take funds through the main hospital charity and then apply for it. Therefore they are not guaranteed to get the funds for the ward and it could end up somewhere else. I am working on the assumption that the funds donated are just that 'donations'. If someone gifted me £10,000 it would not be subject to income tax, surely this is the same scenario?
Therefore they are not guaranteed to get the funds for the ward and it could end up somewhere else.
If they make a donation to the charity that is restricted to benefitting the ward, and the charity accepts it on those terms, the charity has to use it to benefit the ward. i suspect they don't get many £20k donations, so you should have good leverage
