University College Oxford and the Univ Old Members' Trust

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Gift Aid:

I am a UK taxpayer and I wish this and all donations I have made to University College, Oxford, in the past four years, and all donations I make hereafter, to be treated as Gift Aid donations until I notify you otherwise. I understand that if I pay less Income Tax and/or Capital Gains Tax than the amount of Gift Aid claimed on all my donations in that tax year, it is my responsibility to pay the difference. What is Gift Aid?