Tax Benefits
All donations to the Foundation are tax deductible in terms of Section 18A of the Income Tax Act . The current South African tax guidelines entitle individuals to enjoy a tax deduction for donations of up to 10 % of annual taxable income ; similarly in the case of a corporate donation , the company is entitled to deduct a donation of up to 10 % of its taxable income . This gives you the opportunity of personally channelling an amount you would have paid in tax to a cause of your choice .
B-BBEE Certificate
Maritzburg College supports the spirit of the B-BBEE code , as a way for organisations to contribute to society , and the Foundation therefore facilitates the issuing of B-BBEE certificates to donors as part of the CSI / SED portion of their BEE scorecard . The Foundation is independently audited by Mitchells Inc on an annual basis . B-BBEE certification is provided by RockSolid Consulting , a division of Colenbranders Inc and approved IRBA Registered B-BBEE Auditors .
Partnerships through service
The Maritzburg College Foundation looks forward to understanding and serving your donation requirements .
Updates on the School and Foundation ’ s performance , including how funds are being deployed , are regularly distributed via social media , printed publications and electronic newsletters . The offering of naming opportunities for buildings or scholarships can be negotiated subject to the size and nature of the donation , sponsorship or bequest .