A donation is an act signed before a notary that permits the transmission of property or a sum of money during a person’s lifetime, without hindering the rights of the retention-of-title beneficiaries. The donation is irrevocable and takes effect immediately. It enables Fondation FondaMental to strengthen its actions in the struggle against mental illnesses.
Donations can be made in a number of different ways:
- A sole and exclusive donation of a fully-owned asset.
- Bequest of usufruct. The donor retains the right to enjoy the property or goods donated (usufruct) until death, at which time Fondation FondaMental becomes the owner without usufruct.
- Temporary transfer of usufruct which allows Dondation FondaMental to use income derived from the property or assets for a given period of time no longer than 30 years. The donor retains bare ownership but is no longer subject to the corresponding wealth tax for the period concerned. Full ownership is restored to the donor or heirs at the end of the temporary usufruct period. With this type of donation the interest accrued from the property or asset donated is not included in income tax calculations.
- Donation of the share of a property in joint ownership.
Contact your solicitor for further information regarding new regulations concerning donations.
Chief, Communication and Fundraising
Department of Psychiatry
Hôpital A. Chenevier
40 rue de Mesly
Tel: +33 (0)1 49 81 34 31 or +33 (0)6 88 62 44 00