Source: http://fondazionepad.it/donazioni.html
Timestamp: 2019-04-26 12:17:46+00:00

Document:
DONATIONS FROM CORPORATIONS AS BANKS.
The subjects IRES (corporation such as a bank) can support us with a donation and deduct from their budget this liberal provision for FOUNDATION PAD-NGO, up to a maximum of € 70,000.00 and not more than 10% of their income.
Getting involved in the praiseworthy activities carried out by non-profit and social benefit organizations by means of donations is a recurrent theme in companies' and citizens' everyday life.
However, the fiscal incentive policy which supports such funding suffers from a disjointed organization, which might be partially solved by on-going law proposals.
Fiscal regulations, pursuant to art. 100, par. 2, letter h), and art. 15, par. 1.1, of Presidential Decree no. 917 of 1986, enable both individuals and legal persons to partially deduct cash donations made to non-profit or humanitarian organizations from their income taxes.
To be able to benefit from this deduction, the donation made to the organization must be actuallygratis and the organization must be officially recognized as a non-profit organization or "ONLUS" (due to the fact that it actually carries out activities of social utility).
Donations which provide the donor with some kind of indirect benefit (e.g. promotion) are therefore not deductible, since they cannot be considered gratis and must be considered as a sponsorship (although this is often a rather vague concept). Similarly, donations made to organizations whose aim is mainly, but not exclusively, of social utility, as described by the regulations, cannot be deducted either.
Donations are deductible up to a certain limit which, as far as companies are concerned, corresponds to a maximum of 2% of the income declared (pursuant to art. 100 of Presidential Decree no. 1986/917).
As regards individuals, the limit is set at € 2,065 and the personal income tax (IRPEF) deduction corresponds to 19% of the donation for 2012 and 24% and 26% for 2013 and 2014 respectively (pursuant to art. 15 of Presidential Decree no. 1986/917, as amended by Law no. 96 of 6 July 2012).
Deductions for individuals are permitted only if the payment is made by bank or postal transfer, credit card, cheque or bank draft.
As regards companies, it is at least advisable to carry out donations by means of payment systems allowing the necessary controls (bank or postal current accounts, postal orders, non-negotiable cheques).
Alternatively and in derogation of the established limits, pursuant to art. 14, par. 1, of Decree no. 35 of 14 March 2005, it is possible, if this is more convenient, to deduct donations made to social benefit organizations up to 10% of the total income declared and, in any case, up to a maximum of € 70,000, provided that the organizations benefiting from such donations have suitable account books proving the transactions carried out during the accounting period and draw up a document showing their economic, financial and property situation within 4 months from the end of the financial year.
Cash donations are more useful and effective than donations in kind because the latter are subject to many bureaucratic and fiscal restrictions.
Today the regulations governing free donations are undergoing a general review by the legislator and, pursuant to art. 16 of Law no. 96 of 6 July 2012, the Italian government has been delegated to reorganize such rules by means of a legislative decree soon to be issued, which is certainly desirable if not essential.
That having been said, below you will find a brief summary of the WAYS IN WHICH YOU CAN SUPPORT THE PAD FOUNDATION AND THE ACTIONS AND BENEFITS GRANTED BY THE STATE TO ENCOURAGE SUCH SUPPORT.
This method has remained unchanged and enables you to use a part of the taxes due to the Italian State to fund the causes laid down in the charter of the PAD Foundation. This means that you are not drawing on your own finances but only deciding who to give a certain amount of money which will be collected anyway.
This devolution can be made by simply entering the tax code of the PAD Foundation in your tax return (Unico, 730 or CUD form) and signing in correspondence of the field for supporting non-profit organizations.
that is donating any amount of money for which the PAD Foundation will provide you with a receipt which can be used to deduct the amount donated from your tax return.
Pursuant to art. 15 of Law no. 96 of 6 July 2012, as from 1 January 2013 the rate that may be deducted from your taxes has been increased from 19% to 24% in 2013 and 26% starting from 2014, for donations up to € 2,065; alternatively, it is possible to deduct cash donations from your total annual income up to 10% of the income declared or to a maximum of € 70,000.
These amounts must be entered in the relevant fields of your tax return.
by means of a simple testamentary disposition like the one below, which can be attached to any type of will permitted by law, a will drawn up before a notary public or a holographic will.
your signature (name and surname).
Please remark that, in order to be valid, the will must not be written by other people, not even partially, and must not be typed on a computer or typewriter.
A HOLOGRAPHIC WILL MUST BE ENTIRELY HANDWRITTEN.
SO THAT it is used exclusively for the aims laid down in the Foundation's charter.
when taking out the policy, indicate the name of the PAD Foundation as beneficiary or, in case of policies which have already been taken out, change the name of the beneficiary.
Besides, the policy holder has no obligation towards the heirs, since the amount of money resulting from it does not form part of the estate.
The name of the beneficiary can be changed at any moment.
that is donating any amount of money for which the PAD Foundation will provide a receipt which can be used to deduct the amount donated from the company tax return.
Pursuant to the provisions of the Decree on competitiveness (Decree no. 35 of 14 March 2005, art. 14: Urgent provisions concerning the action plan for economic, social and territorial development ), it is possible to deduct the amount donated from the company income up to a maximum of 2% of the company income.
In compliance with the above-mentioned law, the bank/postal receipt attests the payment (donations made in cash are not deductible), together with the receipt provided by the PAD Foundation, which also guarantees to keep the accounts of these donations and, as prescribed by its own charter, to draw up the annual balance sheet proving its economic, financial and property situation.
that the PAD Foundation carries out with the aim of raising funds for research or spreading the results obtained.
Sponsorship is a significant contribution which, if made over an extended period of time, can increase the visibility of your company and its social responsibility through the website of the PAD Foundation. The brands of the main supporters will be published on a special page, together with the scientific partners. They will also be given special visibility spaces and awards during sponsored events.

References: art. 100
 art. 15
 art. 100
 art. 15
 art. 14
 art. 16
 art. 15
 art. 14