ANBI
In both cases - both for a donation 'while alive' and for a donation 'through a will' - the foundation is exempted from paying tax on the donation or inheritance. Society Spiritual Science Foundation "The Age of Christ" is a so-called ANBI, a public benefit organization, popularly referred to as a 'charitable organization'. This means that the foundation falls under the 'zero percent rate' so it pays 0% tax on your donation or inheritance. We hear from many donors that they are especially pleased that their donation is 'not going to the taxman'. As you probably know, tax on inheritances can be as much as 68% of the total inheritance, if the receiving party is not a public benefit organization. In addition, the following applies to people living in the Netherlands: As a result of the public benefit organization decision, you can also deduct your donation from your taxable income 'while alive', provided that your (non-periodical) gifts are between 1% and 10% of the (collective) total income for personal deduction. With this gift deduction, the tax legislater wanted to make it the case that private individuals would give more to charity than without the gift deduction. Imagine that you want to make a donation to the foundation and you have € 3,000 available. If you have a tax privilege of 40%, you can donate € 5,000, because then you will get € 2,000 (40% of € 5,000) back from the tax office.
There are also numerous other routes which can be taken in order to obtain a tax concession and possibly give this to charity. For example, there is the 'five year annuity construction' ['vijf-jaar-lijfrente constructie'], whereby you can deduct the complete amount from the income tax, even if that does not amount to between 1% and 10% of your income. And there is also the 'turbogift', whereby you 'allocate' an amount to the foundation, but do not yet actually pay it. In contrast to a bequest, the turbogift can be deducted from the income tax because the donation is made while you are alive. You can find more information about this at turbogift.nl (Dutch) or from your notary public. You should also have a legal document drawn up for the annuity constructions. You can find general information about donations at schenking.nl (Dutch) or of course from your notary public.
You can find more information about a 'Public Benefit Organization'at anbi.nl (Dutch) You can check officially whether an organization has a public benefit status at (Dutch) belastingdienst. If you enter under organization [Instelling]'Stichting De Eeuw van Christus' and for place of business [Vestigingsplaats] 'Alkmaar', you will see that our society has a public benefit organization status [ANBI beschikking] as society spiritual science foundation "The Age of Christ" [stichting geestelijk wetensch. genootschap "De Eeuw van Christus"].