Social assistance entities will be able to raise funds through capitalization bonds

Charitable social assistance entities approved by the new charitable tax immunity framework (Supplementary Law 187/2021), from now on are allowed to raise funds through capitalization bonds.

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With the capitalization bond method, the consumer pays a monthly amount of capital formation and participates in the lottery. Upon the expiration of the predetermined period, the subscriber can redeem part or the total of the accumulated goods and products or even purchase them.

How will the collection through capitalized bonds work?

On Thursday (5), Law No. 14332 of 2021 was published in the Federal Gazette, which states that the purchaser of a capitalization bond may grant the right of redemption to approved charitable foundations for social assistance.

If he does not agree to the donation, the buyer must inform the capitalization company responsible for the bond until the day before the first withdrawal is made.

According to the rule, in order to carry out these drawings, special means or lottery results authorized by the Federal Government must be used. Results and winners must be disclosed in the same media used to advertise fundraising campaign products through headlines.

Also, according to the new rule, funds received through fundraising campaigns are used “exclusively for the activities of a social assistance entity, but with the possibility of spending part of it on expenses for publication and promotion of campaigns.”

The amount used in the redeemable security is updated at the reference rate (TR) plus an interest rate equal to a minimum of 20% of the monthly interest rate applicable to the savings account.

social assistance entities

Social assistance entities carry out non-profit activities and maintain a partnership with the public administration to assist families, individuals and groups in situations of social and personal vulnerability or risk.

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