If you have thought about giving to a French or international charity in the past, you may have been discouraged from doing so after you learned of the extra costs and added paperwork that can accompany overseas donations. You may also have been wary of giving to an organization without knowing everything you would like to about the recipient, their reputation and their credentials—a difficult task to perform from abroad.
Giving through Friends of Fondation de France is a faster, easier and less costly option.
When you give to Friends of Fondation de France, you receive the same tax benefits that you would when giving to any other public charity or IRC 501(c)(3) organization in the United States, while your contributions go towards supporting programs in France (or wherever else the Fondation de France makes grants). All contributions made to Friends of Fondation de France are tax deductible to the full extent of the law, subject to any limitations that may apply to you.
Fondation de France—the largest grant-making charity in France—carefully vets each of the charities it supports before you make a donation.
This offers you the assurance that you are supporting charities that effectively address their missions, engage in beneficial projects and allocate the funds they receive towards the projects for which they were intended.
Friends of Fondation de France enables you to choose exactly which project you would like to support.
The options for giving are broad, diverse and exciting. Fondation de France currently has 744 donor advised funds in France.
Other advantages include:
- Individuals & Families benefit from Friends of Fondation de France’s status as a U.S. public charity and not a private foundation. This means that the most favorable deductibility rules apply to your gift, such as a 50% limit of your adjusted gross income rather than the 30% allowed for private foundations. Gifts of securities are deductible at fair market value rather than at a cost basis, which can mean a huge savings, particularly when you give gifts of highly appreciated stocks. Individuals who wish to leave bequests through their estates to French charities may have reduced costs and administrative burdens when giving to Fondation de France and other charities. Please consult your tax advisor to learn how you might benefit.
- Private Foundations that give to Friends of Fondation de France face fewer added costs and administrative hassles, because Friends of Fondation de France conducts the compliance and reporting required for international gifts and because it is a U.S.-based charity. When giving to Friends of Fondation de France, private foundations do not need to perform “expenditure responsibility” under IRS Code section 4945, as would be necessary if they gave directly to a foreign charity or to a private foundation. This saves on administrative costs and eliminates the inconvenience of paperwork that can last for several years after a donation is made. Because Friends of Fondation de France is a U.S. public charity, private foundations can also claim their donations as a qualifying distribution under IRS Code section 4942.
- Donor-Advised Funds that give to Friends of Fondation de France face fewer added costs and administrative hassles because Friends of Fondation de France is a U.S. public charity incorporated in the State of Delaware. Therefore, donor-advised funds do not need to exercise expenditure responsibility over grants to it.
- Corporations that give to Friends of Fondation de France are entitled to claim a fair market value deduction in an amount of up to 10 percent of their income per year. Friends of Fondation de France is a Delaware not-for-profit corporation recognized by the IRS as a public charity.