BENEFITS OF GIVING

GENERAL INFORMATION

Sci-Bono Discovery Centre NPC (Registration number 2004/010183/08) | Tax reference number 9058859159

 

CONTACT US

General enquiries: 011 639 8499/8400

 

 

Your contribution whether monetary or in-kind will make an impact at Sci-Bono and help to build a competent society in the world of science.

 

Your donations and sponsorships will:

  • help us to develop and strengthen strong internal systems and controls;
  • improve and strengthen Sci-Bono’s financial viability and organisational sustainability;
  • and facilitate building strong research and development (R&D) capacity.

 

TAX REBATES

Bona fide donations qualify for tax rebates in terms of Section 18A of the Income Tax Act as amended.

 

Charitable donations (monetary or in-kind) from Corporate, Trusts & Foundations have tax benefits, and Sci-Bono will issue the organisation with a section 18A certificate on receipt of its contribution.

 

If you donate, as an individual, to a public benefit organisation such as Sci-Bono it may result in you reducing your tax liability upon submission of your annual tax return. When you donate to Sci-Bono you will be issued with a section 18A certificate to submit to SARS with your annual tax return.

 

 

 

 

 

 

 

NAMING IN RECOGNITION

Sci-Bono acknowledges substantial donations from individuals and entities by naming certain assets in recognition of the contribution. Naming of Sci-Bono assets is guided by a Naming Policy and is subject to approval. Contact us to discuss the requirements for naming possibilities.

 

REPORTING

Donors receive regular reporting on the impact of their contribution.

 

BROAD-BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE)

Important B-BBEE Considerations:

  • The terms and conditions of the sponsorship will need to meet specific criteria to qualify for B-BBEE Scorecard points.
  • Up to 15% of your B-BBEE Skills Development spending can fund student accommodation, catering and travelling expenses.
  • For bona fide donations, donors may be entitled to a tax rebate and claim B-BBEE points under the Socio-Economic Development element.

 

When the selection of a project/student is not done by Sci-Bono, the contribution is seen as a sponsorship and does not qualify for a tax rebate. The contribution may, however, qualify for B-BBEE points.

 

 

 

 

 

 

 

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