Tax benefits

The TBS Foundation operates under the aegis of the Fondation de France which is recognized as a public-interest organization. As such, private or corporate donors in France and abroad benefit from attractive tax deductions.

For private individuals

Reduction of Personal Income Tax

If you pay personal Income Tax, you are entitled to declare 66% of the amount donated as a tax reduction; the maximum amount declared cannot exceed 20% of your taxable income. However, if you donate an amount above this limit, the excess is carried over for the next five years.

Example: a donation of €1,000 will only cost you €340 after the tax deduction.

Reduction of Solidarity Tax on Wealth (I.F.I.)

If you pay the French “Impôt sur la Fortune Immobilière” (IFI [Wealth Tax]), the TEPA (Employment and Purchasing power) law of August 2007 allows you to deduct 75% of the amount of your donation from your ISF, up to a maximum of €50,000. This enables you to channel a significant portion of your ISF tax towards support initiatives at TBS.

Example: If you pay €1,000 of ISF tax, you can make a donation of €1,333 euros and reduce your ISF to €0.

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Note that specific, highly advantageous tax rules apply to donations, bequests, donations of stock-options and shares. For more information, please contact us.

For companies

Corporation tax

By making a donation to the Foundation, your company benefits from highly advantageous tax deductions.
All donations made within the framework of corporate sponsorship entitle your company to a reduction in corporation tax corresponding to 60% of the total amount donated; the maximum amount cannot exceed 5% of the company’s turnover. If the donations exceed this limit, the excess can be carried over for the next five fiscal years according to the same conditions, after taking into account any additional donations made during the year in progress. (Article 238 bis 1° of the French General Tax Code).

Example: a donation of €10,000 costs the company €4,000 after the tax deduction.

Transnational Giving Europe

The Fondation de France has concluded reciprocal agreements with seven partner foundations based in the United Kingdom, Belgium, the Netherlands, Germany, Poland, Spain and Ireland in order to encourage donations from abroad.

The Transnational Giving Europe network enables donors (private individuals or companies) resident in one of the participating countries, to financially support non-profit organizations in other member countries, while benefiting directly from the tax advantages provided for in the legislation of their country of residence.

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Friends of Fondation de France

Friends of Fondation de France is an American tax exemption scheme (501 (c)). People residing in the United States who donate to the TBS Foundation, through the Fondation de France, can deduct the money from their taxes, under certain conditions.

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Tax exemption conditions

It is difficult to know which tax exemption conditions apply in the United States since they depend on the particular State, the donor’s situation and the origin of the donation (where the money comes from).

To find out your own specific tax exemption conditions, you should contact your Internal Revenue Service (IRS) or the advisor at Friends of Fondation de France (Molly HICKOK : (212) 812-4362 or ).