Yes, there are tax benefits for donors with an Italian tax code. Cash donations to the University are tax deductible, within the limits indicated by Italian law and provided they are made by credit card (including prepaid cards), bank transfer, cashier's cheques or bank drafts made out to the Alma Mater Studiorum-Università di Bologna bearing the "non-transferable" clause.
Tax benefits for natural persons
For natural persons, donations are fully deductible from the donor's overall income, with no limit on the income or amount of the donation. In the case of charitable donations for technological innovation, school and university construction and the expansion of education, natural persons are entitled to deduct the expenditure within the limit set by Italian law.
Reference regulations
- Article 10(1)(l-4) of the Italian Income Tax Consolidation Act, Presidential Decree 917/1986;
- Article 15(1)(l-8) of the Income Tax Consolidation Act, Presidential Decree 917/1986.
Tax benefits for legal persons
For legal persons that are IRES taxable subjects, the deductibility margin granted by the legislator is modulated based on the characteristics of the entity receiving the donations and/or activities carried out by it.
Funds for financing research, by way of contributions or donations, by companies and other corporate income tax (IRES) payers to universities are fully deductible from the donor’s income.
Full deductibility is recognised, within the limit of 2% of declared business income, if the entity is a legal person that exclusively pursues the purposes of education, instruction, recreation, social and health care, worship or scientific research.
Full deductibility is recognised, within the limit of 2% of declared business income, up to a maximum of €70,000, if the entity is a non-profit educational institution and the donation is aimed at technological innovation, school construction and expansion of the education services.
Reference regulation
- Article 1, paragraphs 353 and 354 of Italian Law 266/2005;
- Article 100(2)(a) and (o)(2) of the Italian Income Tax Consolidation Act, Presidential Decree 917/1986.