fundraising

 

Donors may wish to make donations by way of the following alternatives:

 

Bequests

SALEAF asks that you consider our association whilst you are in the process of your estate planning. A bequest from a deceased estate may be a Rand amount or a percentage of the residual estate. The amount of the bequest is usually excluded from the valuation of your estate for Estate Duty tax and Capital Gains Tax purposes.

 

Pledges

SALEAF will accommodate those donors who do not wish to make an upfront lump sum payment by way of a  pledge programme. A pledge is a promise by the donor to pay a specific amount over a predetermined period of time. These periodic payments may be made monthly, quarterly, annually or over any other period that the donor may request. 

Here is the Pledge Form

 

Donations in memory or in honour of deceased or living relatives

Members and friends of the broader South African Lebanese community may wish to make donations to SALEAF in memory of deceased loved ones. Donations may also be made to honour a living family member or friend.

 

In these instances the donor may wish to specify a name for the scholarship to be awarded. Past recipients of scholarships from SALEAF may also wish to make donations in acknowledgement and thanks.

 

Donations in kind

SALEAF is willing to accept both movable and immovable property as a donation. SALEAF reserves the right to refuse donations in kind if they are of the opinion that realisation of  such property is not practical. Upon receipt, SALEAF will obtain a valuation so that the donor is able to obtain the applicable tax deduction. SALEAF will in most instances attempt to sell these donations in kind at the best possible market price. Examples of donations in kind: Immovable property, listed shares, motor vehicles, art, coin, or stamp collections, equipment, furniture, etc

 

Tax Deductibility

 

  All donations made to SALEAF should entitle the donor to an income tax deduction in the  
  year of the donation. SALEAF will on request provide the donor with a section 18A Income  
  Tax Act of 1962 receipt enabling the donor to deduct the donation from its taxable income.

 

If you require any further information about the deductibility of donations please consult your       tax advisor in this regard

 

 

 

 

South African Lebanese Education Advancement Foundation

<Return