Le Mon, 03 Jan 2011 10:44:20 -0500,
drew <email@example.com> a écrit :
We finally came to the following decision. We will incorporate a
Foundation in Germany (called "Stiftung" in German) in early
2011. A german foundation will provide us with many advantages
of various kinds, among them, 100% tax-deductible donations.
Hello Charles, et al.
"100% tax-deductible donations."
Just to be clear here, you mean that donations to this foundation
will be deductible by the individual making the donation?
Donations, provided you are under the German tax law (you live in
Germany or have a subsidiary in German) will be 100% tax deductible
by you. That fiscal advantage might, depending on the ongoing legal
works surrounding one common law for European Foundation, be
extended to other european memberstates.
Thanks, that is what I assumed and just wanted to be sure.
In order to incorporate there we will however need some initial
capital and resources (around fifty thousand (50,000) Euros).
If we do not manage to collect this sum in a reasonable amount
of time, we will switch to our second best option and
incorporate a charity in the United Kingdom, which is much
Could you put some sort of time-frame to "reasonable"?
[just your folks thoughts on what reasonable is here]
I don't really know, but if we're stuck with 3 thousand bucks at the
end of February it might be time to reconsider options. (that's
just my own perception).
Looking at the account statements Thomas has been publishing -
What 2022 [with inflation that could slip to 2030, I suppose] isn't
going to be soon enough for you? :-)
Still with the decision being to form in Germany and a price tag of
50,000 Euros it seems that a bit more then two months would be in
Well what I'm saying is that it will depend where we're at in 2
When you folks came to the decision there must of been some idea of
where the monies would come from, yes? Is it assumed that most will
come from a small number of large donations then and two months being
sufficient time then to garner actual donations or pledges from these
few large sponsors?
Yes, you get the idea. Although I would certainly not dismiss donations
of 500, 1000, 2000 euros. They do make a real difference.
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