What is the Conveyancing Foundation?
The Conveyancing Foundation is an independent and not for profit charity, which has been created to help Conveyancers to raise funds for their chosen charities through the Free Legal Fee Competition.
What is the Free Legal Fee Competition?
Your client makes a £10.00 donation on completion of their property transaction to enter the Free Legal Fee Competition. The monthly winner receives £500.00 towards the cost of their legal fees.
The cost of entering the competition is £1.00 with a £9.00 charity donation, attracting 25% gift aid, with every donation totaling £11.25 for your chosen charity.
What happens to the £1.00 entry fee?
The Foundation is a not for profit charity. The £1.00 competition entry fee goes into the lottery prize-winning fund, allowing for multiple winners every month.
Why should I set up the Free Legal Fee Competition?
The Free Legal Fee Competition has the potential to raise thousands of pounds each month for your chosen charities and to engage your team in achieving some spectacular CSR results.
How do you get started?
Setting up the Competition could not be easier. Simply add the Gift Aid Declaration to your Terms and Conditions and ask your clients to take part in the competition. The £10.00 Free Legal Fee Competition donation can be added to the client’s statement of account at the end of the transaction. Download your Competition Toolkit here.
How does the Gift Aid work?
The Conveyancing Foundation is a registered charity, which means that we are able to collect an additional 25% Gift Aid on all donations for UK taxpayers.
The Foundation collates all payments monthly, makes a Gift Aid application to HMRC, and donates all funds including the Gift Aid to your chosen charity. Every donation is worth £11.25 – £10.00 entry fee – £1.00 lottery fee – £9.00 donation + Gift Aid at 25% = £11.25.
Can I choose my own charity?
Yes, each firm chooses their own charity. The charity need not be a registered charity but the Trustees of the Conveyancing Foundation have an obligation to ensure that the monies are donated to charities, organisations or individuals who require help or assistance.
Are there any Data Protection – Client Confidentiality issues?
No. The Conveyancing Foundation will only ask for client data to enable the Foundation to collect Gift Aid from HMRC and to identify the winner of the Competition.
How many of my clients will take part in the Free Legal Fee Competition?
Our experience is that 80% of clients partake in the competition. Clients love to see their lawyers helping the community and their chosen charities.