Transnational Giving Europe (TGE) and HIGGS
We are very happy to announce our new collaboration with the Transnational Giving Europe (TGE) Network!
A few words about the TGE Network:
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 TGE network provides an efficient solution, covers 21 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.
By providing such a secure and tax-effective cross-border giving framework, TGE is particularly interesting for national Organizations with prospective donors abroad. Receiving tax-free contributions from foreign donors, appealing to expatriates, approaching global partners such as multinational corporations, benefiting from borderless interest in a specific cause or capitalizing on global exposure offered by the internet is within arm’s reach.
HIGGS’ collaboration with the TGE Network:
HIGGS has significant experience in working with Nonprofits in Greece, in-depth knowledge of their needs and challenges and solid track record of how to build vibrant civil society. Due to our statute’s objectives, we are benefiting from income tax incentives, allowing particularly HIGGS to make grants to organizations in Greece with tax-deductible donations received.
We are delighted to establish a partnership with the TGE Network and promote the cross-border philanthropy in Greece and the region. Through our collaboration, we will be able to facilitate tax-effective donations from Greek donors, accept donations from abroad and enable Organizations to extend fundraising to foreign countries, without having to set up branches or sister Organizations for that sole purpose and without having to master different national laws.
Undoubtedly, our cooperation with the TGE Network will advance philanthropy, by attracting more donors and initiating innovative projects in Greece, in the region and in Europe.
