Patronage is the support or financial aid that an organization or individual bestows to an organization of public interest such as the Fondation Vasarely, Foundation which is officially recognized by the French State since 1971.
The Foundation welcomes all types of donations.
Donate cash
From a legal perspective, this payment is a lump sum donation of money to benefit the Foundation which does not require any special formalities, regardless of its amount.
In-kind sponsorship
In-kind sponsorships of companies generally take the form of gifts (such as artwork or capital goods) or a provision of services (including personnel) free of cost.
… Reduce
your corporate tax
As a patron of the Fondation Vasarely, corporate donors may claim a corporate tax deduction of 60% of the cash or in-kind donation within 0.5% of their annual turnover (any excess amount may be carried forward and deducted the next year for up to 5 years).
… Promote
the image and reputation of your company
We give corporate patrons the opportunity to associate their name with a given event as well as to benefit from other advantages depending on the donation’s nature and amount. An agreement is established between the Foundation and the company to outline the terms of our partnership.
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CHARTE DU MÉCÉNAT D'ENTREPRISE Un engagement Le mécénat est un engagement libre de l'entreprise au service de causes d'intérêt général, inscrit dans la durée, sous la forme d'un don financier, de produits, de technologie ou d'apport de compétences, sans recherche d'impact sur les activités marchandes. Cette démarche d'attention et ouverte à la société éclaire l'identité de l'entreprise. Une vision partagée La relation entre l'entreprise mécène et le bénéficiare est un lien de confiance et d'échange construit sur un rapport d'égalité et repose sur une vision partagée qui donne naissance à un acte commun. Elle ouvre un espace pour des actions nouvelles et permet la prise d'initiatives, l'expérience et l'innovation. Un respect mutuel L'entreprise s'engage à respecter le projet du bénificiaire, ses choix et son expertise. Elle tient compte de ses capacités de suivi et de sa taille afin de ne pas exiger de sa part de retours disproportionnés. Elle comprend que les projets ne peuvent se réaliser sans frais de fonctionnement et nélude pas cette qusetion. Le bénéficiare s'engage quant à lui à respecter l'entreprise en faisant preuve de trasparence dans l'utilisation des fonds alloués ainsi que dans la réalisation du projet. Il l'informe régulièrement de l'évolution du projet et communique sur l'engagement de l'entreprise à ces cotés. |
As an individual, you can :
Make a pledge or a lump-sum donation.
A pledged donation is an act signed in the presence of a notary public by which you transfer ownership of a good or donate a substantial sum of money (e.g.: €15,000).
The costs associated with making a donation in France, including the notary’s fees, are paid by the Foundation.
A lump-sum donation is any donation of money (ex: check, wire transfer) or personal property (capital goods, stock, etc.) which does not require a notarized deed.
…Reduce
your income tax
Donors may claim an income tax deduction of up to 66% of the donation within 20% of their taxable income (any excess amount may be carried forward and deducted the next year for up to 5 years). The reallocation of revenue streams (royalties, stock dividends, rental income, etc.) is also eligible for this deduction.
… Reduce
your ISF (Impôt de solidarité sur la fortune)
For cash donations and donations of registered securities from a publicly-traded company, donors may claim an ISF tax deduction of 75% limited to € 50,000 per year (for a payment or donation of € 66,666). For the ISF in 2011, this payment must be made between June 16, 2010 and June 15, 2011. This deduction may not be cumulated with the income tax deduction for the same portion of the donated sum.
Example:
For a cash donation of € 100,000 to the Fondation Vasarely,
an ISF tax payer may:
- Deduct € 50,000 from the ISF (€ 66,666 x 75%)
- Deduct € 22,000 from income taxes [66% x (€1 00,000
- € 66,666)] for the excess portion.
The net cost of this donation is therefore only € 28,000.
Donate through a bequest
A
bequest is an act
of donating property by will. It is made by an individual
who wishes to support a cause after his or her death.
Donors may bequeath a sum of money, shares, property or furniture,
paintings, jewelry, and more to the Fondation Vasarely.
The Fondation Vasarely will devotedly respect the testator’s wishes.
Donors should seek legal counsel or advice from their notary public for further assistance.
Temporarily transfer usufruct of property
The Fondation Vasarely can also benefit from the temporary transfer of usufruct rights over property in order to receive income from that property (rent, financial revenues from registered securities, revenues from art, etc.). In doing so, the donor not only supports our Foundation but may also benefit from income tax and ISF tax deductions during the period of transfer, since ownership of the property is unchanged.
Designate the Fondation Vasarely as beneficiary of a life insurance contract.
The Fondation Vasarely is authorized to receive funds from life insurance contracts. It is exempt from any ownership transfer fees.
Contact
:
Fondation Vasarely -
Jas de Bouffan -
13100 Aix-en-Provence -
France
Tel. +33 (0) 442 200 109
pierre.vasarely@fondationvasarely.org
Pour plus
de renseignements sur le mécénat :
Aklea société d'avocats
Stéphane Couchoux, Avocat associé responsable de la ligne de
services
"Mécénat, Fondation & Association"
Tél. +33 (0) 442 251 130
scouchoux@aklea.fr
* Non contractual document
Notes written with the support of the Akléa law firm
