The digital borders for philanthropy in Europe are opening with new TGE Transnational Giving Platform
PA welcomes the launch of the Europe’s first online Transnational Giving Platform by Transnational Giving Europe Network that will facilitate cross-border philanthropy by allowing individuals and companies to make online donations and to benefit from tax deductions in their country of residence.
Currently, cross-border giving is subject to many constraints. Donors are not enabled yet to support online non-profit organisations close to their heart on a European level. National fiscal regulations vary from country to country and the absence of uniformity induces slow processes of donations.
Therefore, the platform aims to pursue the PA Manifesto´s ask to facilitate cross-border philanthropy by simplifying the process of European online cross-border donations through a digital user-friendly experience, allowing individuals and companies to make donations to causes and organisations of their choice across Europe while benefiting from tax deductions in their country of residence in a secured legal and fiscal framework.
According to Ludwig Forrest, head of International Philanthropy of King Baudouin Foundation, coordinator of the Transnational Giving Europe Network, the newly created platform is “innovative digital solution that will finally facilitate cross-border generosity in Europe. Now, more than ever, European philanthropy will be able to play its complementary role to public action. Many European donors will be able to use this platform to support projects of general interest in most European countries under the best conditions.”
By 2021, the pilot version of the online Transnational Giving Europe Platform will be scaled up to include a large number of European countries and as many beneficiaries as possible, the goal is to make this solution accessible to the entire European non-profit sector by enabling any non-profit organisation to raise funds across Europe.
Provided by the PA Team