I had a meeting with Harald F.Kasper, LL.M. Attorney at Law this morning to discuss the best way to give a legal structure to our charity; here is what I’ve learnt:
There are no limitations on how to spend the money raised; eg if we need to pay a graphic designer to make a nice invitation to a fundraising event or a teacher to do special activities with kids we can do it. We can spend on marketing material or renting venues for events, even an office if this grows further, but of course if we buy a Ferrari we’ll have some explanation to do to the tax authorities. The accounts will be audited on yearly basis.
In order to give a tax-deduction form about donations we need to complete a process which lasts 2 years, but we can start it as soon as we register and see where it brings us.
We are planning to have a first ‘general meeting’ on the 27th or May at 11am at Peace Foods in Baar, Harald is going to prepare the founding documents till then and he will be there to answer eventual questions. Would you like to be part of this exciting project?