Thanks Jason, I did not know this. On my tax returns, it is literally worth 45% of every donation. If I donate 100 euros, I get back 45 as a tax rebate. Or put another way, if I donate 200 euros, it only costs me 110 net. Which is quite a dramatic number.
And while I agree with the other comments that this is less than the 100x efficiency differences we sometimes see, I would reply that the goal would be to donate the 200 euros to the 100x more efficient charity, and so get 200 x the benefit, which is still valuable.
But fully agree with everyone who is saying that it’s better to donate to a very efficient charity even without a tax-deduction than to limit myself to donating to charities which are approved for tax-decudtion.
Thanks Jason, I did not know this. On my tax returns, it is literally worth 45% of every donation. If I donate 100 euros, I get back 45 as a tax rebate. Or put another way, if I donate 200 euros, it only costs me 110 net. Which is quite a dramatic number.
And while I agree with the other comments that this is less than the 100x efficiency differences we sometimes see, I would reply that the goal would be to donate the 200 euros to the 100x more efficient charity, and so get 200 x the benefit, which is still valuable.
But fully agree with everyone who is saying that it’s better to donate to a very efficient charity even without a tax-deduction than to limit myself to donating to charities which are approved for tax-decudtion.