{"id":6891,"date":"2023-04-04T16:00:29","date_gmt":"2023-04-04T14:00:29","guid":{"rendered":"https:\/\/www.altertax-avocats.com\/patronage-and-taxes-how-to-benefit-from-a-tax-reduction-to-support-causes-close-to-your-heart\/"},"modified":"2024-07-30T15:28:33","modified_gmt":"2024-07-30T13:28:33","slug":"patronage-and-taxes-how-to-benefit-from-a-tax-reduction-to-support-causes-close-to-your-heart","status":"publish","type":"post","link":"https:\/\/www.altertax-avocats.com\/en\/patronage-and-taxes-how-to-benefit-from-a-tax-reduction-to-support-causes-close-to-your-heart\/","title":{"rendered":"Patronage and taxes: how to benefit from a tax reduction to support causes close to your heart"},"content":{"rendered":"

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Corporate philanthropy is an increasingly common practice in the business world, involving the provision of financial support to associations and foundations, without expecting anything in return. In addition to contributing to philanthropic causes, corporate philanthropy also offers attractive tax benefits for companies. However, it is important to distinguish patronage from sponsorship, which is more of a commercial activity with direct rewards. In this article, we’ll explore the tax difference between philanthropy and sponsorship, the criteria for qualifying for a tax reduction, the types of donation that are possible and the supporting documents and declarations required to benefit from the tax reduction. We’ll also look at how to secure your donation for tax purposes and take full advantage of the benefits of sponsorship. <\/strong><\/p>\n

Corporate philanthropy can be defined as the financial support provided by companies to associations and foundations, without any form of compensation, to ensure the continuity of their activities in the public interest. Corporate philanthropy is not just for large groups. In France, patronage is estimated at 3.6 billion euros(https:\/\/tinyurl.com\/2hwycoft<\/a>). <\/strong><\/p>\n

However, sponsorship should not be confused with patronage, also known as sponsorship for tax purposes.<\/strong><\/p>\n

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The tax <\/span>between sponsorship and patronage<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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It is important to distinguish between <\/span>patronage <\/span><\/b>from <\/span>sponsorship<\/span><\/b> (<\/span>sponsoring). <\/span><\/b> The latter is more of a commercial activity, where the company expects direct compensation. In contrast, sponsorship is a donation, or material support, the general principle of which is the absence of any consideration for the donor. <\/span> <\/span><\/p>\n

This is still an interesting mechanism, since the company will benefit from a tax credit. <\/span> <\/span><\/p>\n

The donation can take one of <\/span>3 forms<\/span><\/b> :<\/span> <\/span><\/p>\n