The year 2024 was a strong year financially with more income than in 2023, partly due to the collaboration with SIL, but expenditure also increased, because of significant project investments. The foundation ended positively on the balance sheet. With this buffer, the projects can continue in 2025.
Donations
The total donations in 2024 amount to €51,711. The general donations are divided into types of donors (private individuals, churches, funds, periodic donations with an agreement) and the specific donations are divided into the various projects.
Expenditure
The expenditure in 2024 amounted to €28,780. As a foundation, we were able to contribute to various projects to implement our core task.
Result
The total of the donations is included as a result after deduction of the costs. As a result, the foundation ends 2024 with a positive result of €22,931. This positive result will be added to the reserve and is intended for projects in 2025 and beyond.
Tips:
– The Carpenter’s Son Foundation has ANBI-status. This means (for EU citizens) that your donations may be eligible for tax deduction. Please take care of the applicable financial threshold.
– In case you are a non-EU citizen, please contact The Carpenter’s Son foundation to discuss the procedure for donating.
– Nex to sponsorship or one-off donations , there is also the possibility to donate periodically. With a periodic gift, you conclude an agreement with The Carpenter’s Son Foundation for 5 years, with a predetermined annual amount. Your advantage is that your donation is fully deductible from your tax return (you no longer have to apply for a threshold) and the foundation can count on your support for that entire period.
The total amount of donations 2023 was €51.711,-.
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