Bequests and large donations
TESTAMENTARY BEQUESTS
What is a testamentary bequest? It is an act through which a person disposes, through a will, of the donation of assets, real estate, movables, sums of money or securities, in favor of the orphans and the charitable activities of Magic Amor. Even a small contribution can make a significant difference in endorsing the causes we have supported for over twenty years in the Democratic Republic of Congo.
If you’d like to know, all testamentary bequests directed to non-profit organizations are exempt from the payment of inheritance and donation taxes: testamentary bequests made to Magic Amor are therefore free from any tax obligation. For those who choose to leave a contribution, the bequest also holds profound symbolic value: the memory of the deceased lives on in the lives of the many children, women, and men we support.
In practical terms, your bequest can help supporting the activities of the Rocco Campagna School, or it can contribute to the modernization of the Antonino Nicolosi Clinic, or again, it can assist in the purchase of essential goods for the San Marcello Orphanage.
If the bequest involves real estate that aligns with our needs in Italy, we may use it for our project activities.
FAQ
Who is authorized to make a will?
Who can benefit from a will?
Both physical persons born or conceived before the opening of the succession or legal persons such as non-profit organizations (of which Magic Amor is part).
Can a will be modified?
It is possible to modify or revoke a will until the testator dies. If the first will is drawn up through a public act, it is not necessary to use a new public act to modify it. Generally, the rule of lex posterior derogat lex priori applies.
Is it necessary to go to a notary to draft a will?
No: a holographic will can be redacted by anyone who is able to write. Notarial assistance is not required for this form of bequest. If you want to draw up a public will, you will need to go to a notary.
What types of will exist?
There are 3 types of wills: the holographic will, written, dated and signed entirely by the testator, the public will which is received by the notary in the presence of two witnesses. The testator expresses his wishes to the notary, which the notary writes down in the presence of the witnesses, who are bound to the strictest confidentiality. Only upon the death of the testator the notary will make it public. Finally, the secret will, which can be written by the testator or by third parties.
LARGE DONATIONS | DONATIONS IN MEMORY OF THE DECEASED
Your donation can change the future of many children
Magic Amor directs all large donations to projects that support education, healthcare and sustainability in the Democratic Republic of Congo.
Puoi sostenere Magic Amor e i suoi progetti tramite una grande donazione, per il nostro centro polivalente o specificamente per le nostre scuole, ambulatori o orfanatrofi, o attraverso una donazione in memoria. Una donazione in memoria di una persona cara del tuo passato può migliorare il futuro di tanti bambini e ragazzi. Il tuo aiuto sarà portatore di speranze e prospettive per la popolazione di Kimbuta.
HOW TO MAKE A DONATION OR A DONATION IN MEMORY?
Con bonifico bancario intestato a Magic Amor, conto corrente bancario di Banca di Credito Cooperativo, IBAN: IT17H0832703267000000000805,
indicating the reason
- “Donation for the Magic Amor multipurpose center”
- “Donation in memory of [nome e cognome della persona cara]”.
Magic Amor will contact the donor or the family to whom the donation has been dedicated to, in order to thank them and to explain how the donations will be used.
Thank you for taking part in the change that Magic Amor brings to the world!
WHICH BENEFITS WITH A DONATION TO MAGIC AMOR?
Physical persons can: deduct 30% of the donated amount from their gross tax (and no longer just 26%), up to a maximum donation of 30.000 euros per year (art. 83 of Legislative Decree 117/2017); or deduct monetary donations from their net total income for an amount not exceeding 10% of the declared total income (no longer subject to the maximum ceiling of 70,000 euros per year), (art. 83 of Legislative Decree 117/2017).
Legal entities can deduct donations made to our association within the limits and in the manner established by law (Art. 100 paragraph 2, letter h of Presidential Decree 917/86). The association certifies that it possesses all the subjective and objective requirements required by the aforementioned regulations.