Fundraising

 

 

Fundraising and tax

Companies in France contributing to the Development Fund and paying tax in France are entitled to a reduction of the «Impôt sur les Sociétés».

The reduction is equal to 60% of the sum contributed limited to 0.5% of turnover. Individual donors who are French taxpayers are entitled to an income tax  reduction amounting to  66% of the donated sum limited to 20% of their taxable income.  For example, a donation of €2000 will cost the donor only €680. The SKEMA Foundation provides receipts for the tax authorities.

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