Faculty of Education, Psychology and Art (1)1€
No sirds Universitātei. LU Gadsimta stipendija
Sincere support for the University
Benefits for patrons
United States of America
The Law provides a tax relief for patrons (Section 12), which may be applied for a taxpayers donating to an organization of public benefit. The taxpayer may choose one of the following:
- I To exclude the amount of donation from the the taxable base of the taxation period, not exceeding 5% of the previous year's profit after tax;
- II To exclude the amount of donation from corporate taxable base of the taxation period, not exceeding 2% of the total gross wage earned by employees from the previous reference year, from which state social insurance payments have been paid;
- III To reduce the corporate income tax calculated from dividends of the reference year by 75% of the donated amount, not exceeding 20% of the corporate income tax of the dividends.
The limit in points I, II or III applies to the total amount of donations made during the reference year.
The tax relief for individuals provided under Section 10, Paragraph one, Clause 3 of the Law on Personal Income Tax stipulate that the following payer's expenses are deducted from the amount of taxable income: amout which have been transferred in the form of a donation or gift to registered societies, foundations and religious organizations or their institutions of Republic of Latvia that have been granted a status of public benefit organization under the Public Benefit Organizations Law.
United States of America
Friends of the University of Latvia
The non-profit organization “Friends of the University of Latvia” (501 (c) (3) charity) is a partner organization of the UL Foundation, founded in 2012 on the initiative of John J. Medveckis. The Foundation unites USA citizens of Latvian origin – supporters of the University of Latvia. The foundation's mission is to provide a brighter future for education in Latvia. The main areas of support are scholarships for talented students, development projects for training and research, as well as reconstruction and infrastructure improvement projects. By donating to this fund, USA citizens may receive tax reliefs.
Chairman of the Board: Martin Anderson
+1 917.821.0440 | firstname.lastname@example.org
Members of the Board – Roberts Blumbergs, Guna S. Mundheim, Vaira I. Pelēķis-Christopher, Andris Ramāns & Peter A. Ragaušs will be happy to tell you about donation opportunities.
Bank name: JPMorgan Chase Bank, N.A.
Account title: Friends of the University of Latvia
Account number: 118730060
Routing number: 322271627
Mr. Peter A. Ragauss
2120 Troon Road, Houston,
Learn more: www.friendslu.com
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