Tax advantages for individuals:
Individuals who make a donation to an endowment fund benefit from a tax reduction on personal income tax of 66 % off the amount of the gift, within the limit of 20% of taxable income. (Article 200 of the French General Tax Code).
Tax advantages for enterprises:
Enterprises that make a donation to an endowment fund can benefit from a tax reduction of 60 % off the amount of the gift, within the limit of 0.5% of turnover. This tax reduction is applicable to enterprises that pay corporate income tax or corporation tax. (Article 238 bis of the French General Tax Code).
Tax advantages for donations and legacies:
Donations and legacies made to endowment funds are exempt from inheritance tax. (Article 795, 14° of the French General Tax Code).
Reception and tax receipt:
A confirmation of reception and a tax receipt will be sent to every patron. The tax receipt (CERFA form) is admissible to the tax authorities.