Every Donation is essential

Income tax (IR)

You can deduct 66% of the amount of your donation to the ESCP Foundation from your income tax, up to a limit of 20% of net taxable income. Your donations exceed this limit? The excess can be carried forward over the next 5 years, under the same tax deduction conditions.

You must make your donation before 31 December of the current year and declare it in the spring of the following year.

Examples:

• For a donation of €1,000 per year, you can deduct €660 from your income tax and your donation only costs you €340 after tax deduction, or 567€ per month.
• For a donation of €5,000 per year, you can deduct €3,300 from your income tax and your donation only costs you €1,700 after tax deduction, or €142 per month.

Property wealth tax (IFI):

75% of the amount of your donation is tax-deductible. This deduction is limited to €50,000, which corresponds to a maximum annual donation of €66,667.

Examples:

• For a donation of €20,000 per year, you can deduct €15,000 from your IFI and your donation comes to €5,000, i.e. under €417 per month.
• For a donation of €50,000 per year, you can deduct €37,500 and your donation comes to €12,500, i.e. €1,042 per month.

London Campus

The London campus has is a registered charity (registered no. 293027) and is eligible for Gift Aid:

• Any donation made to ESCP Business School is matched by 25% by the UK government: when you make a donation of £1,000 ESCP actually receives £1,250.
• If you are in a high tax bracket, you may qualify for tax relief. To do this, you must include your donations on your tax return or ask HM Revenue and Customs to adjust your tax code.

Example:

For a donation of £1,000

• Donor's tax bracket 40% tax payer+TR > Benefit to the Charity £1,250 > Tax benefit to donor £250 (20% of £1,250) Net cost to donor £750.
• Donor's tax bracket 45% tax payer+TR > Benefit to the Charity £1,250 > Tax benefit to donor £312 (25% of £1,250) Net cost to donor £688.