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London Marathon fundraising to break through £500m

London Marathon fundraising to break through £500m

Category: Money

Updated: 23/04/2010
First Published: 23/04/2010

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
Money raised from the London Marathon since it began in 1981 is likely to break through the half a billion pound mark this weekend.

The event celebrates its 30th birthday on Sunday, and 36,000 runners are to take on the gruelling 26.2 mile course to raise money for their chosen charities.

This year's London Marathon was the most over subscribed one to date, with the 2010 ballot closing in record time.

The 2009 Marathon saw some £47.2 million raised for charitable causes and, with a similar amount expected this year, the event is set to surge past the £500 million mark.

"The London Marathon is immensely proud of its record as a charity fund raising event," Dave Bedford, London Marathon's race director, said recently.

"We provide our runners with an opportunity to raise huge amounts for good causes each year and will be delighted when the total raised for charity reaches half a billion pounds in our 30th year."

Those donating should look to make their money as tax efficient as possible by going through websites such as Virginmoneygiving.com or JustGiving.com.

These sites offer those donating the chance to add Gift Aid to their money, meaning 28p is added to every pound given.

So, as long as you tick the box which offers Gift Aid and you are a UK taxpayer, a donation of £10, for instance, will see £12.46 given to the charity of choice.

Moneyfacts.co.uk would like to wish the very best of luck to all those participating in this weekend's London Marathon.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
 
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