Fondation FondaMental is authorized to receive bequests and donations. As a scientific cooperation foundation, Fondation FondaMental is governed by the statutes of non-profit foundations.
A donation thus entitles you to an income tax reduction equal to 66 % of the amount, within the limits of 20% of taxable income. Over and above this limit the surplus may be carried forward for 5 years and allow you to benefit from the same tax reduction conditions.
If you are subject to the French wealth tax (Impôt de Solidarité sur la Fortune (ISF):
In accordance with TEPA ISF-2009 law you may deduct 75% of your donation (amount limited to €50 000) from your ISF declaration.
Supporting documents concerning donations to charitable organizations may be submitted up to three months after the deadline for ISF declarations.
In calculating the ISF due for 2010, all payments made between 16 June 2009 and the deadline for submission of your ISF declaration may be taken into account.
The ISF reduction and income tax reduction may not be cumulated.