Please find below, responses to the most FAQs about the foundation "Stiftung Haus Schminke":
Why was the foundation Haus Schminke established?
The maintenance of architectural memorials is often a very big financial and personal effort for local authorities, especially when public funds are continually being cut. Local authorities can easily become overstrained in view of their miscellaneous duties and responsibilities. As one of the most important evidence of the architecture of the 20th century, the Haus Schminke needs support by experts and concerted action to maintain its current status and cultural importance in the long term. As an owner and sponsor, the foundation Haus Schminke gets its head down to this task. Any funds, available to the foundation, exclusively inure to the benefit of the Haus Schminke.
The maintenance of architectural memorials is often a very big financial and personal effort for local authorities, especially when public funds are continually being cut. Local authorities can easily become overstrained in view of their miscellaneous duties and responsibilities. As one of the most important evidence of the architecture of the 20th century, the Haus Schminke needs support by experts and concerted action to maintain its current status and cultural importance in the long term. As an owner and sponsor, the foundation Haus Schminke gets its head down to this task. Any funds, available to the foundation, exclusively inure to the benefit of the Haus Schminke.
How much does the foundation plan to spend?
In the medium term, our intention is to arrange at least 1 million Euros liquid funds for the foundation. But it will be possible to start important activities even with relatively small interest yields.
In the medium term, our intention is to arrange at least 1 million Euros liquid funds for the foundation. But it will be possible to start important activities even with relatively small interest yields.
What are the foundation's financial investments?
Funds will be invested long-term and profitably, according to regulations. Ethic principles will be observed, too.
Funds will be invested long-term and profitably, according to regulations. Ethic principles will be observed, too.
What will happen to interest yields?
The foundations funds are only allowed to be used for statutory purposes. Those are fixed in the articles of the foundation in § 2.
The foundations funds are only allowed to be used for statutory purposes. Those are fixed in the articles of the foundation in § 2.
What is the difference between an external donation and a donation?
The foundation's funds assume an external donation and maintain it "eternally", which means, only interest yields will be used. In contrary, a donation must be used for foundation's purposes contemporarily.
The foundation's funds assume an external donation and maintain it "eternally", which means, only interest yields will be used. In contrary, a donation must be used for foundation's purposes contemporarily.
How do I become a sponsor?
Simply by completing the Signing Certificate form and sending it to the foundation's address.
Simply by completing the Signing Certificate form and sending it to the foundation's address.
What is the fiscal effect?
You will be rewarded if you donate. Fiscal authorities support external donation noticeably for the foundation Haus Schminke. Depending on the sum allocated, you can experience effectual tax deductions in the first and following years, which is valid for private individuals and companies. There are special regulations just for corporate entities. If applicable, please contact your tax consultant.
You will be rewarded if you donate. Fiscal authorities support external donation noticeably for the foundation Haus Schminke. Depending on the sum allocated, you can experience effectual tax deductions in the first and following years, which is valid for private individuals and companies. There are special regulations just for corporate entities. If applicable, please contact your tax consultant.
Are legacies and heritages possible?
Whoever may decide to grant legacy or to bequeath the foundation Haus Schminke: You can be assured that the fiscal authority will not retain anything. A benefit in favor of the foundation Haus Schminke is exempted from both, capital transfer and inheritance tax. Furthermore, there is no tax on the acquisition of real estate if immovable property will be transferred.
Whoever may decide to grant legacy or to bequeath the foundation Haus Schminke: You can be assured that the fiscal authority will not retain anything. A benefit in favor of the foundation Haus Schminke is exempted from both, capital transfer and inheritance tax. Furthermore, there is no tax on the acquisition of real estate if immovable property will be transferred.
Note:
Tax regulations are subject to changes. Above information reflects the status in September 2009. If applicable, we recommend that you seek advice from your notary, tax consultant or advocate. Of course, we will assist you to the best of our knowledge. Just contact us.
Tax regulations are subject to changes. Above information reflects the status in September 2009. If applicable, we recommend that you seek advice from your notary, tax consultant or advocate. Of course, we will assist you to the best of our knowledge. Just contact us.