Schools Solidarity Account

Is your nursery, primary and/or secondary school established in Belgium recognised and financed or subsidised by the Ministry of Education? Would you like to constitute a financial reserve that enables you to intervene discreetly to support children from disadvantaged backgrounds and thus promote equality of opportunity in education for all the pupils?

A schools solidarity account, managed by the King Baudouin Foundation, enables your school to fundraise, in a transparent manner, among parents, former pupils and other supporters. The money collected is used for the individual support of vulnerable pupils (e.g. for school expenses, extracurricular activities, (para)medical costs), but not to finance school overheads (such as running costs, building or infrastructure renovation).

The schools solidarity account has a duration of three years, but this may be extended.

After approval by the King Baudouin Foundation’s local Philanthropy Committee, the schools solidarity account is created and open for donations. The school itself is responsible for raising funds. Not only does your school benefit from greater recognition, but the Foundation also takes care of fiscal aspects and releases the money collected, on request, when the school wishes to use it.

To finance its own activities, the Foundation is authorised to make a one-off deduction of €250 from the first donations made to the account. 2% will be deducted from annual cumulative donations of €25,000 or more, and for cumulative donations of €500,000 or more per year a degressive tariff will be applied.

Gifts from donors with tax residence in Belgium of 40 euros or more made to a schools solidarity account at the King Baudouin Foundation’s account IBAN: BE10 0000 0000 0404 – BIC: GEBABEBB, are eligible for a tax reduction of 45% on the amount effectively transferred, which is mentioned on the tax certificate established by the Foundation.