Public Benefit Org (ANBI)

The Heliconia Scholarship Foundation is a Public Benefit Organisation (PBO). In Dutch an Algemeen Nut Beogende Instelling (ANBI). Our efforts are entirely committed to the public benefit, therefore we were designated the ANBI status by the Dutch Tax Authorities in 2010. This means that we do not pay inheritance tax of gift tax on inheritances. People and corporations who donate to us can deduct their gifts from their Dutch income tax or corporate income tax. This makes donating very attractive! Visit the Dutch Tax Authorities for more information.

To qualify as an ANBI, the Heliconia Scholarship Foundation meets the following conditions (from belastingdienst.nl):

• The organisations efforts must be almost entirely focused on the public benefit. This is the 90% requirement.
• The organisation and the persons directly involved in the organisation must meet with the integrity requirements.
• A natural or legal person may not manage the organisations assets as it is its equity. Directors and policymakers cannot have majority control over the assets of the organisation.
• An ANBI may not have more assets then necessary for the organisations work. For this reason the organisations assets must remain limited.
• The directors’ remuneration must be restricted to an expense allowance or a minimum attendance fee.
• An ANBI must possess an up-to-date policy plan.
• The ANBI’s costs must be in reasonable proportion to its expenditure.
• Funds remaining after the dissolution of the organisation must be allocated to a general good objective identical to the organisations objective.
• An ANBI is governed by specific administrative obligations.
• An ANBI must publish information about the organisation on its own website or on a communal website of for example a trade organisation.