PERSONAL DATA PROTECTION
We only use your personal data for internal administration’s purpose.
We do not forward your address to any other organization and strictly comply with all the legal requirements with regards to data protection as defined in the Canton of Geneva legislation (LIPAD – “Public Information Act, access to documents and protection of data of a personal nature”)
The donations to the ICARE Foundation are not refundable.
The ICARE Foundation is recognized as a public utility. Depending on your place of residence, your donation may be deducted from your taxes within the limits set by law.
Tax benefits - Canton of Geneva
Donors will receive a certificate of donation allowing them to deduct donations from their income (Law Relating to the Imposition of Taxation on Physical Persons– LIPP Art. 37) within the limit set by the tax authorities.
For legal persons the Swiss Act on the taxation of legal persons (LIPM ) is applicable.
Tax benefits – Swizerland
Both at the federal and cantonal levels, voluntary contributions or donations to legal persons having their headquarters in Switzerland and being exempted from taxes due to their goals of public service or public utility, are deductible as set by the Swiss Law (art. 59 al. 1 let. c LIFD- Federal Law on direct federal tax ; et art. 25 al. 1 let. c LHID- Federal law on the harmonization of direct taxes in the cantons and the communes).
For the Direct Federal Tax (IFD), deduction may not exceed 20% of the net profit.
At the Canton level, the terms of deduction of these donations are quite different with regard to the deduction cap; especially, since the Federal law on the harmonization of direct taxes in the cantons and the communes does not set a maximum percentage – this is set by each canton.
The canton of Basel is the only one allowing the full deduction of the amounts allocated to pure public utility purposes.
The other cantons are more restrictive. Indeed, the deduction related to such donations may not exceed a certain percentage on the taxable net profit:
- 20%: Zurich, Berne, Lucerne, Uri, Schwyz, Obwalden, Nidwalden, Glarus, Zug, Fribourg, Solothurn, Basel-Stadt, Schaffhausen, Appenzell-Ausserrhoden, Appenzell-Innerrhoden, St. Gallen, Graubünden, Aargau, Thurgau, Vaud, Valais and Geneva (NB: for the cantons of Obwalden and Appenzell-Innerrhoden: 20% of the proven net profit)
- 10%: Ticino, Neuchâtel, and Jura.
Tax benefits – France
Your income tax deduction
Individuals benefit from a tax reduction equal to 66% of the amount of their donation, within the limit of 20% of their taxable income.
However, if you exceed this limit, this surplus will give you the possibility of a tax credit that you can carry forward for up to 5 years. These deferrals give you the possibility of a tax reduction within the limit of 20% of the taxable income of concerned year. Deferred surpluses are taken into account before the payments of that year.
Under the article 200 of the French General Tax Code, taxpayers have to join to their income tax the receipts delivered by the recipients of their donations in order to benefit from the tax reduction related to their donations.
Tax Deduction with regards to the Solidarity tax on wealth (French ISF)
According to the French law for labor, employment and purchasing (TEPA, August 21, 2007) if you are eligible for the solidarity tax on wealth, you can support the ICARE Foundation and benefit from a reduction in your tax equal to 75% of the amount of donations made within the limit of €50,000.
The optimal donation amount is €66,666. Beyond this amount, and unlike the reduction of income tax, the surplus of the gift is not reportable on the following years.
In this context, with regards to donations of freehold shares of companies quoted on the Stock Exchange, donators’ capital gain is taxed, as per the terms of the aforesaid TEPA’s provisions.
As soon as we will receive your donation, we will send you a receipt. This receipt is the same as for donations opening to the reduction of income tax.
You are free to decide on the tax reduction you want to benefit. You will have to join this receipt to your Solidarity tax.
Tax benefits for companies
Companies benefit from a tax reduction equal to 60% of the amount of their donation, within the limit of 5 per thousand of their turnover (i.e. 0.5% of their turnover).
If the donation exceeds this limit, the tax advantage may be deferred over five years if it exceeds the limit of five per thousand authorized.
- A company achieving a turnover of €1 million, may benefit from a 5-per-thousand tax reduction on its donations: €5,000 in this case
- A €5,000 donation entitles the company to a €3,000 tax reduction. Therefore, the actual cost of the donation is €2,000.
- A €10,000 donation entitles the company to a €6,000 tax reduction. Therefore, the actual cost of the donation of €4,000.
Below, the main framing documents (in French):