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.

  • The maximum amount for the deduction of special expenses is generally 20 percent of the total amount of income, or 0.4 percent of the total of all turnover, plus the salaries and wages paid during the calendar year.
  • Donations that do not have an impact on the current assessment period can be carried forward without a time limit.
  • The maximum amount that can be used to equip foundations with capital (foundation or endowment) is €1 million. Married persons can claim that amount twice.
  • Waiver of proof for small donations up to an amount of €200 (the cash payment receipt or bank transfer slip is sufficient).