The Olivia Hendrickx Research Fund thanks you for your support.
We are determined more than ever to collect funds as tirelessly as we can.
Because we believe that cancer may not be given a chance.
How to make a donation
1. By making a transfer to our bank account:
BNP Paribas Fortis: 220-0002000-96
IBAN: BE65 2200 0020 0096
BIC: GEBABEBB
2. By making out a cheque to:
Olivia Hendrickx Research Fund vzw
Wolstraat 18
2200 Herentals
Belgium
3. By making a bequest: see below or ask your solicitor's advice
Fiscal accreditation of not-for-profit organisation
The foundation is nationally accredited under no. 4 738403 47 as a scientific research institution in accordance with Art. 104, 3°, B of the 1992 income tax code.
All donations of EUR 30.00 or more are tax deductible.
We automatically provide you with a tax certificate in the year following your donation for the cumulated amount of your donations per calendar year.
Your tax benefit
The tax situation of a donation to a good cause
The main point is that the legislator has provided for a tax advantage for donations made to recognized charities.
This benefit is in certain situations so considerable that the good cause is not the only one to enjoy it but also the donor and, sometimes, a third-party donee.
Below is a summary of the fiscal consequences of a donation from the point of view of income tax, corporate tax and inheritance tax in cases of bequests by will.
The donation is split among several donations in case of life and bequests by will.
1) Income tax:
a) Personal income tax:
In terms of personal income tax, the legislator provides for a tax benefit for persons who make a donation to a recognized "good cause".
The donation that is made is deductible from the
total taxable net income as long as it meets the following requirements:
- It must be a cash payment (or possibly in the form of works of art)
- The institution must be based in the European Economic Area and must supply a certificate
- The donation must be of minimum EUR 30.00.
The only limit set by the legislator is a double maximum threshold. In order to be fiscally optimal, the donation may not amount to more than 10% of the total net income with as an absolute maximum EUR 346,100.00 (for income year 2010).
b) Corporate tax:
In terms of corporate taxation, the formal conditions for donations are the same as for personal income tax. In this case, a donation is deductible from the positive tax result and as such leads to a tax saving right away of between
24.98 and 33.99%.
The maximum amounts for tax assessment year 2010 are 5% of the positive tax result, with an absolute maximum of EUR 692,000.00.
2) Inheritance tax:
As long as the reserve for one's children or parents is not affected, one can leave in one's will one's assets to a natural or legal person of one's choice, such as a charity.
If you do not want to donate all of your assets to a good cause, you can use the "duo-legacy" technique, which consists in making a donation to a good cause on the condition that the institution will take over the inheritance tax of another legatee.
The inheritance between natural persons in Belgium varies between 3% (lowest bracket in Flanders) to 90% (highest bracket in Wallonia). Tax due on a legacy to a recognized not-for-profit organization amounts to only 8.8%.
By making the charity pay the inheritance tax of another legatee, the situation often arises where this other legatee is left with a higher net amount of inheritance, in spite of the donation to the charity, than he or she would have inherited alone.