Donations to non-profit entities may carry a tax benefit for the donor – the hallowed section 18A certificate. This allows the donor to claim a tax refund and encourages donations. Non-profit entities that are Public Benefit Organisations (PBO) can issue these certificates. PBO status is granted by the South African Revenue Service (SARS) under the
Charity contributions, sponsorships and donations often form an integral part of a company’s social responsibility initiatives. The generosity of companies making donations not only support the company in reaching its internal social responsibility targets, but also spark corporate morale and boosts a company’s public image.
One of the positive sides of society’s reaction to the
You are both. And neither. The charitable sector is peppered with acronyms whose correct usage is not always fully appreciated. This naturally leads to confusion.
The common acronyms are:
NPO: non-profit organisation/not-for-profit organisation
NGO: non-governmental organisation
PBO: public benefit organisation
NPC: non-profit company
When a not-for-profit entity asks ‘What am I?’ the answer can only