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.
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.
The budget is determined in function of the specific project approved: there is no minimum or maximum. In order to finance its own activities, the King Baudouin Foundation is authorised to deduct 100 euros from the first donations received for projects whose budget is under 10,000 euros, and 500 euros when the budget is 10,000 euros or more.
Donations of 40 euros or more made to a project account at the King Baudouin Foundation’s account IBAN: BE10 0000 0000 0404 – BIC: BPOTBEB1, are eligible for a tax reduction of 45% of the amount effectively transferred, which is mentioned on the tax certificate established by the Foundation.