filia is recognised by the Hamburg Tax Office as a public benefit organisation. This means that all donations and grants can be used for implementing the foundation purpose without tax deductions.
The Bundesrat (Upper House of the German parliament) decided on 10 October 2007 with retroactive effect as of 1 January 2007 to distinctly improve tax deductions for donations and endowments.
Endowments to filia
are tax-deductible up to an amount of Euro 1 million. The fiscal deductibility can be spread over 10 years. As before, endowments to filia are exempt from inheritance and gift tax if the assets are transferred to the foundation within two years after the inheritance occurs, or after receipt of the gift.
Donations to filia
are additionally tax deductible up to 20% of total income. The amount of donation deduction can be carried over unrestrictedly to the following year. This means that (for instance in the case of a large donation) tax deductions on the sum can still be claimed years later.
For more information see
Law on further strengthening of civic commitment:
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