Project account

Fundraising to conduct a project of general interest.

Does your association or organisation, whose head office is in Belgium, have a precise project of general interest - which is limited in time and not part of its regular day-to-day-activities - but not the money needed to carry out the project?

If so, then a project account, managed by the King Baudouin Foundation, can enable you to raise funds in a transparent manner from your supporters. Your project will also gain in terms of visibility and donors can be certain that their donations have been made to this specific project.

Duration

A project account lasts for a maximum of one year and a half. It is closed as soon as the budget required to complete the project has been attained or when the duration of the account has expired.

How it works

After approval by the King Baudouin Foundation’s local Philanthropy Committee, the project account is set up and open for donations. Not only does your project benefit from recognition, but the Foundation also deals with tax matters and releases the funds raised in function of the project’s progress.

Budget

The budget is determined according to the specific project approved; there is no maximum or minimum.

In order to finance its own activities, the Foundation is authorised to take :

  • a one-off amount of 250 euros on the first donations when the account is opened;
  • each year, 2% on the amount of accumulated donations above €25,000. From 500,000 euros of accumulated donations per year, this amount will be calculated as follows:
    • 1% on the amount of accumulated donations between 500,000 euros and 1 million euros
    • 0.5% on the amount of accumulated donations above 1 million euros.

Taxation

Donations of 40 euros or more made to a project account at the King Baudouin Foundation’s account IBAN: BE10 0000 0000 0404 – BIC: GEBABEBB, are eligible for a tax reduction of 45% of the amount effectively transferred, which is mentioned on the tax certificate established by the Foundation.

Contact

Géraldine Van houte
vanhoute.g@mandate.kbs-frb.be
+32 2 549 61 69

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