December 18, 2018

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Global Impact and KPMG LLP Release New Report Examining Tax, Fiduciary and Philanthropic Requirements in 60 Countries

2018 Giving Global Matrix helps private and nonprofit sectors navigate complex regulations involved in global philanthropy

Submitted by: Global Impact

Categories: Philanthropy & Corporate Contributions, Corporate Social Responsibility

Posted: Oct 11, 2018 – 02:49 PM EST

 

Global Impact and KPMG LLP have released a new report, the 2018 Giving Global Matrix: Tax, Fiduciary and Philanthropic Requirements, which provides a snapshot of the complex and varied tax laws that incentivize, or disincentivize, philanthropic giving in 60 countries across North America, Latin America, Africa, Europe, Asia and the Middle East. 

A similar report was first produced by the two organizations in 2015. The updated 2018 Giving Global Matrix expands the focus from 40 to 60 countries and broadens the scope of research in each country from four to 10 questions.  The full report addresses:

  • Whether a country’s tax code allows tax deductions for charitable contributions;

  • If tax relief is available to individuals, organizations or both;

  • If charitable donations are restricted to local entities or if they can be made to U.S. charities as well; and if the latter, the steps a U.S. charity must take to receive tax deductible contributions and associated filing requirements;

  • And provides an overall assessment of the climate for philanthropy in each country.

“Increasingly corporations and charities are seeking to act locally as well as globally when it comes to their philanthropic engagement,” said Kathleen Lowenthal, Managing Director of Partner Solutions at Global Impact.  “As more organizations expand their reach as part of their commitment to the Sustainable Development Goals and in response to increased disasters and crises globally, we are pleased to be able to provide this much needed resource.”

“In today’s global environment, this updated report provides timely information to nonprofit and private sector entities who want to understand the different approaches to philanthropy that geographic regions and countries are taking, and be able to plan their engagement more strategically,” said Anita Whitehead, Tax Principal for KPMG’s Development and Exempt Organizations (DEO) practice. 

The report offers several high-level takeaways that U.S. entities should consider when expanding their philanthropy globally:

  • In-country tax regulations change frequently and, therefore, should be routinely revisited to ensure both compliance and favorable status;

  • When operating programs or raising funds abroad, recipients and donors should be vetted to verify alignment with the mission and objectives of an organization; 

  • The culture of giving in each country is distinct and should be individually evaluated to confirm the ideal approach to implementing an organization’s philanthropic vision.

To download the summary, full or regional reports, visit https://charity.org/2018-giving-global-matrix. For information about Global Impact’s and KPMG’s services supporting organizations looking to expand their global philanthropic engagement, contact solutions@charity.org and awhitehead@kpmg.com.

ABOUT KPMG

With our deep experience and innovative approaches, KPMG LLP can help your company by striking the right balance between preparing for tomorrow and delivering real results today. KPMG LLP provides audit, tax and advisory services and industry insight and can help organizations meet their compliance obligations, navigate risks and perform in today's dynamic and challenging environments.

ABOUT GLOBAL IMPACT

Global Impact is a leader in growing global philanthropy. The organization builds partnerships and raises resources that help the world’s most vulnerable people by providing integrated, partner-specific advisory and backbone services; workplace fundraising and representation; campaign design, marketing and implementation for workplace and signature fundraising campaigns; and fiscal agency and technology services. Global Impact partners with hundreds of public and private sector workplace giving campaigns to generate funding for an alliance of more than 100 of the most respected international charities. Through strategic council and implementation support, Global Impact equips nonprofits, public sector and private sector organizations to achieve their philanthropic goals. The organization also leads national marketing efforts for the Combined Federal Campaign (CFC), and serves as Outreach Coordinator for the Combined Federal Campaign of the National Capital Area (CFCNCA), the Combined Federal Campaign-Overseas (CFC-O) and seven other CFC zones across the United States. Since 1956, Global Impact has generated more than $1.8 billion to help the world’s most vulnerable people.

Learn more at charity.org. Follow Global Impact on Twitter and like us on Facebook.

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For more information, please contact:

Micaela Vivero Director, Marketing & Communications, Global Impact
Phone: 703.717.5265
Kimberly Goldstein Associate Director, KPMG LLP
Phone: 212.954.1748

For more from this organization:

Global Impact

 

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