Many Netherlands-based cultural, educational and charitable institutions (“Dutch Institutions”) seek to raise funds in the United States to support their mission. A major obstacle to such fundraising is that any gifts made by U.S. taxpayers directly to Dutch Institutions are not deductible for U.S. tax purposes.
The NAF has established a legal structure to facilitate cost-effective and tax-efficient cooperation in fundraising with Dutch Institutions. The Friends Fund Program gives U.S. donors the advantage of a U.S. income and gift tax deduction for their gifts.
Establishing an American Friends Fund with the NAF eliminates the need for creating and administering your own charitable organization in the U.S., while also saving expenses associated with accounting, auditing, legal counseling or filing annual tax returns.