Tax Advantages
The state grants private individuals and companies interesting tax advantages for donations to foundations.
Your Advantages
…. if you donate directly to projects.
Every year, you can claim up to 20 percent of the total amount of your income as special expenses, for example as a donation to the KIT Foundation. Donations exceeding this amount are transferable to the following year.
Alternatively, companies have the possibility to claim donations of up to 4 per thousand of the sum of their total turnover and the wages and salaries spent in the calendar year as special expenses.
... if you support our goals in the long term.
Both private individuals and companies have the option of making endowments to the foundation's capital stock. This also includes endowments to theme funds. Up to a sum of 1 million euros within a period of ten years, these endowments can be tax deductible. This possibility of donation exists in addition to the above-mentioned tax benefit of the donation. And: In the case of spouses who are taxed together, each individual is entitled to the maximum donation amount.
... when you make a will.
In the case of a testamentary donation of the assets to the charitable KIT Foundation, inheritance and gift tax are completely waived. The KIT Foundation is recognized as a non-profit organization and particularly worthy of support and is exempt from inheritance tax. Testamentary donations therefore benefit the purpose you have determined in full and undiminished.
We will gladly support you in your considerations and, if desired, arrange contact with experienced notaries.