American Friends of BNP Paribas’ Rescue & Recover Fund, Inc.

Tax law

Rescue & Recover Fund donations are eligible for tax exemptions in the USA, France and Luxembourg, in accordance with the tax regimes in each country.

If you are tax-resident in France, 66% of your donations are tax deductible!
This means that 66% of donations made to the Rescue & Recover Fund can be deducted from your tax liability, up to a limit of 20% of your taxable income.

If you are tax-resident in Luxembourg, 100% of your donations are tax deductible!
To benefit from these tax exemptions, you need to donate a minimum of €120 in a year. Additionally, the amount you can donate in any one year cannot exceed €1 million, or 20% of your net income.

If you are a tax-resident in the USA, Federal tax law requires us to inform you that no goods or services were provided to you in return for your gift and that, therefore, the full amount of your gift is deductible for Federal income tax purposes, subject to any limitations that might otherwise apply.  Please retain the Contribution Acknowledgment receipt that will be automatically generated at the end of your online donation. For more information, please consult the IRS website.