What do we get when we give?
Your tax benefits
The "Act to further social commitment," which came into force retrospectively on January 1st, 2007, facilitates the involvement of non-profit institutions, making endowments more attractive.
In terms of the tax laws, a donation is a financial transfer to a non-profit institution that is subject to the direct use of resources, i.e. they must be used within a given period for a specific purpose.
Foundations and endowments both increase the assets of a non-profit institution. In this case the profit, not the principal amount, is used for specific purposes. Foundations and endowments create sustainable long-term resources to support a non-profit institution, while a donation is immediately used for non-profit purposes. The relevant decisions are made by the sponsor alone.
The charter of the Johannes Gutenberg University Foundation states that it is available to receive donations, capital (as an administrator of dependent foundations) and endowments (increasing its equity capital).
The tax impact of foundations, endowments or donations is generally the same.
Your main benefits in a nutshell:
The Johannes Gutenberg University Foundation is recognized as a non-profit institution. Your donations are tax-deductible.