The team leading Impact-U gives me the confidence to be a donor and get involved as a volunteer mentor
Unlock tax benefits by supporting impactU with your generous contribution today!
Did you know a monetary contribution to Impact-U may have a tax advantage? We are a nonprofit organization registered in the US (EIN 84-4954490) and Colombia (NIT 901395927-5). If you’re required to file taxes in any of those two countries, the US IRS or the Colombian DIAN may allow you to deduct your donations from your taxable income and lower your tax bill. But not all contributions are eligible, and there may be limits on how much you can deduct each year, so check with a tax expert to get the most out of your donation.
In some circumstances, your tax advantage may be reduced if you received a good or service in exchange for your contribution. For instance, you purchased some of our merch or bought a ticket for one of our events. When you make a contribution to us, you will receive proof of donation if you didn’t get a good or service in exchange or when your contribution exceeded the market value of the goods or services you received.
What if you’re based in a different country and wish to donate? We welcome your support, regardless of your country of residence, within the limits of our legal requirements. We will still provide proof of your donation in the same terms described above. You will have to consult with the tax agency in your country to see if you can claim a tax exemption.
As each individual’s tax situation is unique, and tax laws across countries can get complex, we cannot give you detailed guidance on your situation.
What if you want to donate an asset that is not cash? Please write to us at [email protected].
