- Category: Support imagine
- Published: Tuesday, 08 April 2014 10:22
Your company is interested in the Imagine Institute
For companies, sponsorship often takes the form of a cash donation, but there are also other ways to participate, such as making the company's products available, or offering seconded staff to the Imagine Institute.
Along with financial donations, these other actions also offer tax benefits for the patron: 60% of the amount donated within the limit of 0.5% of turnover excluding tax, can be deducted from tax owed by companies (law of August 1st, 2003).
Reminder of the various types of sponsorship and the tax exemption procedures for each one : :
- Cash donation - tax exemption: the beneficiary provides a tax receipt for the amount of the donation to the company concerned, so that it can take advantage of the tax reduction.
- Gifts in kind: the company offers goods.
Example: a company offers computer equipment. Tax exemption: the gift in kind is covered by the sponsorship tax system. The beneficiary organization provides the company with a tax receipt for the value of the gift, to allow the latter to benefit from the tax reduction. The value of the gift is determined as follows: if it is a new item, the valuation is based on the purchase price (noted on the purchase invoice) or the retail price of production for the donor (who provides a pro-forma invoice, certified by its accountant or auditor).
If it is a secondhand item, the valuation is made on the net book value of the item in the donor company's accounts, as certified by its accountant or auditor. Donating skills: the business offers a service from its own skills and normal activities.
Example: a consultancy firm offers its consultancy services. Tax exemption: skills sponsorship is a donation, and is covered by the sponsorship tax system. The beneficiary organization provides the company with a tax receipt for the value of the gift, to allow the latter to benefit from the tax reduction. This amount is the retail price of the service offered, that is the sum total of the charges incurred by the company in providing the service, as noted on a pro-forma invoice produced by the company and certified by its accountant or auditor.
For more information : Projects to finance and achievements
To make a donation: please contact Romain Gomez, fundraiser, +33 (0)188.8.131.52.67, firstname.lastname@example.org