Why Giving to Charity Matters

Home ” TOC Community Toolkit ” Social Marketing and Institutionalizing Your Initiative ” Chapter 46. Planning for Long-Term Institutionalization ” Section 11. Soliciting Contributions and In-Kind Donation Support ” Main Section

Going out for grant support and successful proposals are extremely important to the financial sustainability of many community organizations. Grant funding can help your organization succeed; there is no doubt about that. However, competition for grants is tough, and for many groups it is getting tougher. This means that groups like yours may want to take a look at other available resources. Two of those resources can come directly from the community: contributions and in-kind support. This section will give you some guidelines on the different types of contributions and in-kind support. It will also help you identify your potential resources, and provides guidance on how to obtain them.

What is the purpose of the donation?

Being an organ donor means that in the event of death, one person’s organs can continue to live in another person. The transplant will help the patient to receive them and regain health, for many it is the only option to continue living. To donate an organ it is necessary to be over 18 years old.

How important is the value of the donation to you?

Donating blood is donating life, since transfusions are not only part of the treatment of certain diseases, but also help to save lives in extremely serious medical situations, such as in the case of hemorrhages caused by traffic accidents, to give a simple example.

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What are the benefits to a company of making donations?

For Income Tax purposes, the Tax Statute establishes as a benefit a tax discount equivalent to 25% of the donated value, which must be imputed in the tax return of the taxable year in which the donation is made (2020, which is filed and paid in 2021).

Benefits of donating to an ngo

Donations to NGOs are one of the mechanisms that enable non-profit organizations to obtain economic funding for the implementation of their development programs or initiatives. There are currently many types of donations (recurring donations, sales of solidarity products, solidarity inheritances, etc.), which we will show you below!

Eleanor Roosevelt said: “You can often change your circumstances by changing your attitude”. And… why not change your attitude and change the circumstances of others? Let’s stop looking the other way and start transforming the society we live in by helping those who need it most.

Have no doubt, you have in your hand the power to put an end to the situations that generate injustice. So that you can take the step towards solidarity with total security, today we are going to talk to you about donations to an NGO. They are much more than an act of solidarity!

It is a tool for activating citizen solidarity, which allows non-profit associations to obtain the means to finance projects that help to mitigate inequalities, deal with natural or humanitarian catastrophes or help improve the situation of vulnerable groups.

Why do people donate?

Thousands of people make the decision to donate money to reinforce their social commitment. They recognize the existence of a problem or a lack in their environment that needs to be solved and they mobilize and act to achieve it.

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What is the purpose of organ donation?

The Organ and Tissue Transplant Program aims to preserve and improve people’s lives by replacing an organ or tissue that does not work with the purpose of restoring the lost function…. To donate an organ you must be 18 years of age or older.

What is the value of the donation?

In the field of law, donation implies the free transfer of something in favor of the person who accepts it. This transfer can be stipulated through a donation contract, which establishes that the donor transfers the ownership of an asset free of charge to the donee.

Why some people donate money

Tax benefits are incentives granted by the National Government to individuals or companies that make donations through tax discounts or deductions of a percentage of the donated value in the income tax to be paid.

These are incentives granted by the National Government to companies or individuals who make donations through tax discounts or deductions of a percentage of the value donated, in cash or in kind, in the income tax payable.

The University is recognized by the National Tax and Customs Directorate (DIAN) as belonging to the special tax regime, which allows it to grant the following benefits to its donors:

All donations made for scholarship programs, research and academic development will grant a tax discount of 25% of the donated value on the total to be paid in your income tax return. In other words, if you make a donation of $10,000,000, you will be able to deduct $2,500,000 from the total amount to be paid in your income tax return.

What do companies gain from donations?

Companies that make donations are entitled to a credit of 50% of such donations. “The portion of the donation that cannot be imputed as a credit may be deducted as an expense up to the amount of the net taxable income for the year in which the donation is made, determined in accordance with the Income Tax Law.

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What happens if a company makes donations?

When a company makes a commitment to donate, not only does it contribute to a social cause, but it can also take advantage of certain tax benefits established by law.

What tax is paid when receiving a donation?

The person who receives the donation (donee) has to pay the Inheritance and Gift Tax (Impuesto de Sucesiones y Donaciones). In addition, if it is an urban real estate that has increased its value, he/she also has to pay the municipal capital gains tax.

Why donate money to a hospital

Blood is also needed for regular transfusions for people affected by diseases such as thalassemia or sickle cell disease; it is also used for the production of various products, such as clotting factors for hemophiliacs.

Blood is the most precious gift we can give to another person: the gift of life. The decision to donate blood can save a life, or even several lives if the blood is separated into components – red blood cells, platelets and plasma – which can be used individually for patients with specific diseases.