Philanthropic action for SMEs
Support a project of common interest, or one or more specific organisations.
Would your SME like to support a particular project of general interest, or one or more specific organisations?
If so, then a philanthropic action for SMEs is ideal, irrespective of whether the amounts involved are large or more modest. This tool is extremely flexible, very fast and it reduces administration to the absolute minimum.
Duration
A philanthropic action for SMEs has a duration of one year, although this may be extended at the request of the initiator.
How it works
A Philanthropic action for SMEs is created after approval by the King Baudouin Foundation’s independent Corporate Philanthropy Committee. The Foundation manages the resource of your philanthropic action, takes care of tax aspects and provides aid where required. It gathers together the donations received on the philanthropic action’s account and ensures that the organisation puts your donations to good use to meet the objectives established. The Foundation issues a tax certificate to your SME for the tax authorities, examines recommendations for support proposed by your SME and, if these are agreed, implements them by providing financial support to the beneficiaries recommended.
Budget
Your SME agrees to transfer an annual amount of at least 10,000 euros to support the philanthropic action. Each year, the King Baudouin Foundation is authorised to deduct 5% of the total amount in donations made to the philanthropic action to finance its own activities. This percentage is degressive for cumulated donation amounts of over 100,000 euros: 3% between 100,000 and 500,000 euros, 1% between 500,000 and 1 mio euros, and 0.5% for amounts above 1 mio euros.
Taxation
The assets of a philanthropic action for SMEs are constituted by an annual contribution to the account via the King Baudouin Foundation’s account BE10 0000 0000 0404. These transfers are tax-deductible from taxable income (Article 145/33 of the Belgian Income Tax Code).
Contact
Carine Poskin
poskin.c@kbs-frb.be
+32 2 549 02 31
Stories
Inspiring engagement!
Cleaning up farming in Benin and the rest of Africa
Business for development
To achieve that result, we had to convince farmers, because initially they were very hesitant to use the organic products.Today, they follow us, especially since they no longer have to wear protective clothing to avoid burns caused by the chemical products. BioPhyto products are better for their health and that of the population, which can now count on healthy and organic food. And that means great long-term progress for health, the environment and the economy."
Four founders explain how the Business Partnership Facility supports their sustainable businesses in Rwanda and Senegal
Business for development
“The relationship between funder and grantee is important,. Social entrepreneurs are passionate about what they do. Trust is critical in the sense of empowering implementers. I experienced that trust and that was empowering, the feeling that I have control to take decisions that I see are right for us.”
