Endowment
An endowment is a voluntary donation to a foundation . Endowments increase the basic assets of a foundation. Endowments can consist of money or contributions in kind (e.g. real estate ).
Most foundations also accept donations . In contrast to sub-foundations, which increase the foundation's base, donations by the foundations must be used promptly for the foundation's purpose.
In contrast to donations to other non-profit organizations, there are additional maximum amounts for special expenses deduction for donations and endowments to legal and fiduciary foundations. With the law for the further promotion of civic engagement , which came into force on January 1, 2007, the maximum amount for the endowment of foundations was increased.
According to Section 10b (1a) EStG, Section 9 (5) GewStG, Section 10b (1a) EStG, Section 9 (5), Section 10b (1a) EStG, Section 9 (5) GewStG, grants can be received in the To provide the basis of a charitable foundation and to claim this donation for tax purposes. For this purpose, a maximum amount of 1,000,000 euros applies as a deduction for special expenses in the year of the grant itself and spread over the period of the following nine years.