Piero and Lucille Corti Foundation is a ETS – Third Sector Entity (registered with RUNTS as per Art. 2447-bis et seq. of the Civil Code), so Italian individuals and companies that make a liberal disbursement can benefit from the tax benefits provided by law.

Individuals can:

Deduct cash donations from the gross tax in the amount of 30 percent of the donation made for a total amount in each tax period not exceeding 30,000 euros (ref: Art. 83 Legislative Decree 117/2017, first paragraph).

Alternatively

Deduct from the total net income the cash donations within the limit of 10% of the total declared income. The excess may be deducted in subsequent years not beyond the fourth (ref: Art. 83 Legislative Decree 117/2017 second paragraph).

Companies may:

Deduct cash donations from net total income to the limit of 10% of declared total income. The excess may be deducted in subsequent years not beyond the fourth. (Ref. Article 83 Legislative Decree 117/2017 second paragraph).

Important

• In order to take advantage of the tax benefits, it is necessary to keep the proof of the donation (the receipt of the postal bulletin, bank account and bank statement).
• Liberal disbursements made in cash do not qualify for tax benefits.
• Always remember to specify your details if you wish to have the Foundation’s donation receipt