Would you like to support the work of the German Lost Art Foundation? Do you wish to make a financial contribution to support institutions which conduct research on their collections to identify e.g. Nazi confiscated art? The German Lost Art Foundation is always happy to receive donations and endowments, to which the following applies:
In accordance with § 3 of the Foundation’s charter, the German Lost Art Foundation exclusively, directly and indirectly serves non-profit purposes as defined in the section “Tax-privileged purposes” of the German Tax Code (Abgabenordnung).
The implementation of the “Law to Further Strengthen Civic Commitment”, which went into effect on 1 January 2007, immensely improved rules for making tax-deductible donations to non-profit organisations like the Foundation. Donations and endowments are particularly subsidised by the German federal government. The tax treatment is essentially the same regardless of whether sponsors donate or provide an endowment. The general deduction for donations was uniformly adjusted to 20 percent of one’s annual income. Companies may donate up to 0.4 percent of their total turnover and expenditures for salaries and wages of the respective calendar year, and deduct them as special expenses from their overall tax burden. With regard to endowments, contributions of up to one million euros to augment the capital base of non-profit organisations may be deducted from one’s tax burden every ten years. Married individuals may deduct double this amount.