Donor Benefits

B-BBEE benefits to donors

Donations to Youth for Christ/KZN can earn your company points on the Socio-Economic Development element of B-BBEE, as our beneficiaries are more than 75% black. Our focus is on reaching the most vulnerable children and youth and orphans due to HIV/AIDS. In KwaZulu Natal this group of people are predominately black, hence our racial profile of beneficiaries.  Through the projects at YFC/KZN, all expenditure has the ultimate aim of giving hope, empowering and developing children, youth and their families.

Beneficiary Recognition Certificate

When making a donation to YFC/KZN we will supply you with the following:

  1. A letter of acknowledgement and appreciation for your B-BBEE and tax purposes
  2. A 18A tax receipt for your donation
  3. Your logo will be uploaded on website (please send us your logo for upload)

Tax benefits to donors

Tax benefits to donors in terms of Section 18 A

Youth for Christ is a non-profit organisation and qualifies as a Public Benefit Organisation (PBO). This allows a tax benefit to donors of Youth for Christ. Youth for Christ may issue Section 18A receipts for bona fide donations, which allows for donations of up to 10% of taxable income to be deducted from such income, as stated in the Act.

The following donations qualify for tax certificates:

  1. Financial donations:
  • In cash or
  • By cheque or
  • By postal order or
  • By direct deposit or
  • By EFT or
  • By donating via the donate button on YFC/KZN website
  • By a debit order or a credit card deduction
  1. Donations in Kind:

Donations in kind refer to the donation of goods made to Youth for Christ that will cause a saving on the budget and can be taken into the books as income e.g.:

  • Non-perishable foods
  • Consumable goods
  • New clothes
  • New capital items such as TV’s, stoves, fridges etc.
  • Donations of necessary materials for maintenance work such as paint, glass, light fittings, geysers etc.

Second Hand Gifts:

Second hand goods do not usually qualify for a tax certificate. (There are exceptions to this rule e.g. the donation of a vehicle, where a market value can be determined.)

Note: Invoices for goods in kind must be submitted to Youth for Christ, to ensure the value on the tax certificate is correct. The onus is on the donor to keep a record of the cost and submit it to SARS.

Some preconditions:

  • A donation must leave an audit trail and therefore must reflect as income on the books of Youth for Christ before a tax certificate can be issued.
  • A valid postal address for the donor must appear on the tax certificate for it to be acceptable to SARS.
  • 18A receipts will not be issued where the transaction involved a trade of any kind. E.g. Buying an item at a charity auction.

If you need clarity, please contact us at info@youthkzn.co.za

Please note that CONDITIONS apply.
For more information go to www.sars.gov.za

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