Principle of Mutual Gain

The fund-raising activity of Maholnap Foundation is advantageous for both the donors and the civil society. Companies do not need to deal directly with evaluating applications - volunteer experts, regional counsellors , and employees of Maholnap Foundation carry out for them according to its transparent, objective and accountable grant-making system and applications assessment procedure. Thus we ensure that target groups are supported in line with the donating policy and culture of the company, within a reliable application procedure.

Advantages of Donations

• Appreciation of donors is increasing in the society, because giving donations for social projects they show a sense of responsibility by their actions, thus promoting positively a favourable change to their direct and indirect environment.
• Due to a professional, transparent and objective corporate welfare donation method, which conforms to a corporate philosophy, the prestige of the company in view of its business partners and employers improves and increases their allegiance to the company.
• The amount donated, or service provided, as well as that of in-kind supports are tax-deductible. For the amounts see the Hungarian provision of law concerning donations below.

With the help of Maholnap Foundation your firm can also become a professional donor, ensuring, that your donation can serve the interest of the chosen target-group, and also the whole Hungarian society in a accountable and cost-effective way.

Hungarian provision of law concerning donations

In case of private donation, the donors can deduct 30% of the donated amount from their tax base, if it does not exceed HUF 50,000 .

According to paragraph 5-7 of Article 7 of Act LXXXI of 1996 on Hungarian Company Taxation, companies can deduct 100% of the donated amount from their tax assessment in the event of a one-off donation, but not more than 20% from their tax base.

In the instance of a permanent donation, if the donated amount does not change or does increase yearly, the donating company may strike off 100% of the donated amount in the first and 120% in the second year from its tax-base, but not more than 20% of its tax-base. The discounts struck off as a result of permanent and one-time donation combined should not exceed 25% of the tax-base of the company.