High Earners - Charity Tax Reliefs Granted Drop by a Third
In 2009 those affected by the High Earners restrictions in Ireland were able to claim tax relief on just under €2.5m of donations.
Year People Donations
2009 105 €2,443,673
2008 99 €3,744,309
2007 95 €3,354,169
The total donations on which reliefs were given accounted, we believe, for 0.8% of the amount of relief used up in 2009 by those affected by the restriction, i.e. under 1%. Does this suggest that high earners in Ireland could be more charitable or does it suggest that availing of other reliefs may be reducing the level of charitable donations. The answer may be both. To read full article, please click here
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Last Call for 'Dame Steve' Philanthropy Event-Oct 17
A handful of places remain available for the visit of Dame Stephanie Shirley at 5pm on Oct 17. Known throughout the world as a champion of philanthropy she brings huge personal experience as well as the insights from many of the other great philanthropists worldwide. This event is for professional advisors.
It is being hosted by The Institute of Certified Public Accountants in Ireland and run in association with both CPA and The Irish Tax Institute. For more information and bookings contact Niall at 874 7354 or log on to http://www.communityfoundation.ie/events
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Clients who Win the Lottery - A How to Guide to Charitable Giving
What do you do if a client, or if someone comes to you, who has won the lottery? Read more here about how to deal with all the charitable requests and how a simple structure could be a great step to help the people involved...
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A quarter of philanthropists set up trusts 'for involvement and control'
More than a quarter of philanthropists who set up their own trusts do so because they want involvement and control over the use of their money, according to new findings from the research consultancy Factary. Though not specified in the report, it is probably fair to say that the same factors can apply to people who set up Donor Advised Funds at community foundations. Factary interviewed more than 100 founders of grant-making organisations over the past year. For the full story and other reasons, please click here
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