Philanthropy body rejects residency for donations idea

first_imgPhilanthropy body rejects residency for donations idea Image: Give and receive by iQoncept on Shutterstock.com Tagged with: Giving/Philanthropy Ireland Law / policy Major gift  25 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Philanthropy Ireland has come out against a proposal floated in the middle of last year which would have given additional residency privileges to wealthy individuals based overseas who made charitable gifts in Ireland.Following Philanthropy Ireland’s AGM just before Christmas, the organisation issued a statement saying “there should be no connection between an individual’s philanthropic contributions and the non-resident status of such a person”.Philanthropy Ireland added that if a non-resident decides to make philanthropic contributions, such philanthropic contributions should be regarded as equally welcome as those of donors whose tax residence is in Ireland.The original proposal would have rewarded major donors who are registered as non resident for tax purposes with a number of extra days in Ireland. Currently tax exiles can only stay in Ireland 182 days in one year. The charitable donation level mentioned for the tax exiles in the proposal was €15 million over 10 years, €5 million of which would be paid in the first year.The original proposal was favourably received by the chairman of the government backed Philanthropy Forum and by the Irish minister of finance, Michael Noonan. Other politicians were less supportive of the proposal. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 5 January 2014 | Newslast_img

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