Investment in social philanthropy
This was the highlight of the conversation between Ana Toni, of iCS, and Giovanni Harvey, of the Baobá Fund, in a live broadcast by Valor Ana Toni, executive director of the Institute for Climate and Society, participated in a live broadcast by Valor, on the origin of the funds of social organizations. A new trend can boost the culture of donations in the country – in addition to financial resources, the grantees can start to provide autonomy and confidence to organizations, investing in the causes they defend. “Brazil has several peculiarities, and what most differentiates Brazilian philanthropy from international philanthropy is the lack of incentive for Brazilian philanthropists. In Europe and the United States, there is tax exemption for the individual or company involved in philanthropy. In Brazil, apart from a few tax exemptions for sport and culture, for example, individual funders have to pay between 4% and 8% more [...]