Receiving donations engages us immeasurably. We adhere to certain principles related to “how we receive it”.
Here are some simple, common-sense rules that are worth remembering.
- FFF = Fair Future Foundation
- Fair Future = Fair Future Foundation
Acceptance of any contribution, gift, or grant is at the discretion of the Fair Future Foundation (FFF). The Foundation will not accept any gift unless it can be used or spent in accordance with the purposes, statutes, and mission of the Fair Future Foundation. For more information, we present you some legal documents, here
No irrevocable donation, whether outright or for life, will be accepted if, in reasonable circumstances, the donation compromises the financial security of the donor. We don’t want to create additional needs and again, it is common sense.
FFF will refrain from providing advice on tax or other treatment of the gifts. On the other hand, we can tell you that the Swiss Foundation is recognized as being of pure public utility, tax-exempt. This means that your donations are deductible from your income tax return. For all other information, Fair Future will encourage you, donors, to seek advice from their own professional advisers to help them with the donation process.
FFF accepts donations in cash or listed securities. Donations of in-kind services will be accepted at the discretion of the Fair Future Foundation.
The gift of self is part of your commitment, it is a gift. In this sense, FFF accepts the work of people wishing to engage for a voluntary period, only if they are of legal age in their country or minors with the written consent of their parents or a legally responsible person.
Certain other gifts such as Real estate, personal property, gifts in kind, illiquid securities, and contributions whose sources are not transparent or whose use is restricted in some way or another, should be considered before they are received. acceptance. This is because of the special obligations or liabilities that these gifts could pose to Fair Future.
FFF is committed to providing acknowledgments to donors meeting tax requirements for property received by the charity as gifts/donations. However, with the exception of gifts of cash and publicly traded securities, no value will be placed on any receipt or other form of substantiation for a gift received by Fair Future.
FFF will respect the donor’s intention regarding restricted gifts/donations and those relating to the desire to remain anonymous. With respect to anonymous gifts, Fair Future will limit information about the donor to only those staff who need to know.
FFF will not compensate, whether through commissions, research fees, or other means, any third party for directing a donation or a donor to make a gift/donation in favor of Fair Future.
Thank you for your attention and great support – Fair Future Foundation, January 10, 2021