TGE Network: Donations in Europe

Most European countries do not grant income tax deductibility to donors wanting to support a foreign beneficiary in another Member State. This unequal treatment of national and cross-border philanthropy infringes the fundamental freedoms guaranteed by the European Union treaties.

 

The Transnational Giving Europe (TGE) Network provides an efficient solution!

The TGE Network collaborates with 21 European countries and enables donors, both corporations and individuals, resident in one of the participating countries, to financially support Nonprofit Organizations in other Member States, while benefiting directly from the tax advantages provided for in the legislation of their country of residence. You can find more information here.

It specializes in national tax legislation; a specialization that comes from the experience of its members in their domestic tax system and in the Nonprofits’ ecosystem. More about each Member State’s tax legislation you can find here.

 

HIGGS’ collaboration with the TGE Network

Thanks to this collaboration, we are able to:

  • Accept donations from abroad, helping the donors fully enjoy their tax exemptions, and promote them to the Greek Nonprofits.
  • Facilitate tax donations from Greek donors who wish to support foreign Nonprofits.
  • Help the Greek Nonprofits benefit from foreign funds, without having them set up branches abroad.
  • Strengthen the Civil Society in Greece, by attracting more donors and creating innovative projects in Greece and Europe.

Would you like your Nonprofit to join the TGE Network?

Once your Organization has been approved as an eligible recipient of transnational donations by the TGE Network, you will be able to benefit from charitable benefits from abroad, with tax arrangements provided by our national regulations. At the same time, donors from abroad will have the same tax benefits that they would have if they supported Nonprofits in their homeland.

In order for your Organization to become an official member of the Network, a donor from abroad must have already expressed his/her interest to donate to your Nonprofit. The donor has to be a resident in one of the Member States of the Network.

As long as you reach an agreement with the donor:

  • You contact HIGGS at [email protected] and the donor contacts with the partner representing the Network in his/her country, in order to start the process of registering and accepting the donation.
  • We inform and guide you in all the processes regarding the submission of the application and some formal documents needed, such as the Nonprofit’s statute, bank account details, annual report of activities, financial reports of previous years, etc.
  • After submitting the application and the documents, HIGGS and our partners in the TGE Network, certify their validity and then your Organization is accepted as a beneficiary of the Network.
  • You receive the donation in your bank account.

You can find more information on the process of becoming a beneficiary of the TGE Network here.

HIGGS TIP! If you already have a network of possible donors in European Member States of the TGE Network, we suggest that you inform them about the possibility of sending donations with tax deductibilities, something that will definitely motivate them to contribute to a greater extent.

Would you like to donate to a Nonprofit in another country?

TGE Network offers the comfort of a network of prominent grant-making foundations, anchored in each of the countries covered, where they have outstanding relationships with most Nonprofits and enjoy the confidence of national authorities. They ensure your contribution is allocated to the foreign charitable Organization you have chosen to support.

HIGGS facilitates the transfer of donations from Greek donors to the Nonprofits of 21 European Member States of the Network, ensuring tax deductions that can reach up to 20%.

If you would like to donate to a Nonprofit in Europe, you should:

  • Contact HIGGS at [email protected] and express your interest, providing all the necessary information regarding the name of the Nonprofit and the amount you wish to donate.
  • HIGGS will establish contact with the beneficiary Organization and the partner in the recipient country will inform them of the incoming donation.
  • If the beneficiary Organization is not yet registered in the TGE Network, they have to do so prior to receiving donations.
  • If the evaluation is positive, the donor makes the gift to his home-country foundation which then provides the donor with a tax receipt and transfers the gift to the beneficiary Organization.

If you wish to learn more, click here.