You may want to support associations or foundations that have been set up for the public good by donating or bequeathing them all or part of your property.
Sponsorship will provide assistance and encouragement to organizations that support good causes, be they scientific, social, family, humanitarian, philanthropic, educational, sporting, cultural or environmental.
You can make a donation of property, clothing or money. Your notary will give you information on the tax benefits available for such donations.
You can donate a property : a house, a flat (apartment), a block of flats (apartment building), a property without usufruct etc.
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To make a donation, you must use a notary. He will be able to advise you, taking into account your family and property situation.
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For bequests, your wishes will be set out in a will. It is sensible to have your notary to help you here so that you may take all the necessary precautions when drawing it up and avoid clauses that could nullify it.
Any donation or bequest to an association or a foundation established for the public good has tax advantages.
Donations or legacies made to an association are subject to the acceptance rules laid down in the statutes of the association.
They are also
subject to authorisation from the trustees.
Financial, legal and administrative control is exercised by state departments on the ways in which donations and legacies may be used.
This is why, when
associations receive bequests, their notary studies all the other information obtained from reading of the will, all the other associations receiving bequests, and the prefecture in which the death took place.
Obviously
when an association is given a property that it does not need to use it will arrange to sell it.
Notaries' property auction sales ensure that associations will obtain the best conditions for
advertising,
transparency and
security.
You will find on our site a
list of associations and foundations which sell with the biddings with the Notaries' auctions.
Important points
Notaries' property auction sales ensure that associations obtain the best conditions for
advertising,
transparency and
security sell any property that is surplus to their requirements.