18 June 2009: Transnational Giving Europe extends to Luxembourg

Good news for cross-border giving.
 A donor, resident in one of the participating countries, wishing to make a gift to a public interest organisation in one of the other member countries can contact the foundation in the country of his/her residence. The home foundation establishes contact with the foundation in the recipient country for an assessment of the beneficiary (which is another non-profit organisation). If the evaluation is positive, the donor makes the gift to his home-country foundation, which provides the donor with a tax receipt and pays the gift to the recipient country foundation in favour of the beneficiary organisation.
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After recent extensions to Italy, Hungary, Bulgaria, Romania and Slovakia earlier this year, the TGE network extends to Luxembourg.

 14 countries are now covered by TGE. The Fondation de Luxembourg has joined the network on June 18 2009.


This provides on the one hand a solution for donors from Luxembourg wanting to help beneficiaries abroad and gives on the other hand the opportunity to national beneficiaries to fundraise tax effectively in all the other TGE countries.

The Transnational Giving Europe (TGE) network is an important private initiative that, at European level, is the only practical and secure solution for tax-effective cross-border cash donations. The TGE network, a partnership between the Charities Aid Foundation, the King Baudouin Foundation, the Fondation de France, Oranjefonds, Maecenata International, the Foundation for Poland, the Community Foundation for Ireland, the Swiss Philanthropy Foundation, the Carpathian Foundation International, the Bulgarian Charities Aid Foundation, Vita Giving Europe Onlus and now the Fondation de Luxembourg enables donors, both corporations and individuals, resident in one of the participating countries, to financially support non-profit organisations in other member countries, while benefiting directly from the tax advantages provided for in the legislation of their country of residence.

 

More details http://www.givingineurope.org/