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Rescue & Recover Fund Governance
What is an endowment fund?
Endowment funds are designed to help finance public-benefit causes.
Created under French law in 2008, they are independent entities with
their own legal personality that entitle their donors to tax exemptions
in France. Easy to set up, by individuals and companies alike, their
purpose is to assist and support different causes.
How do I know if I qualify to give to the Rescue & Recover Fund?
The Rescue & Recover Fund is accessible to all BNP Paribas clients in France, to all BNP Paribas Group employees around the world, as well as to all members of the “Association Des Retraités” (ADR - Association for retired BNP Paribas employees) in France.
What were the selection criteria for the Fund's three Non-Governmental Organisation (NGO) partners )?
The for NGOs selected as partners are leading humanitarian organisations, whose work and professionalism make them benchmarks in their respective fields. Their front-line expertise means that BNP Paribas can act quickly and effectively to help vulnerable people groups. In addition, the type of aid they deliver and the regions they focus their efforts on complement each other.
How are the projects and places where aid is delivered chosen?
The Rescue & Recover Fund can provide aid to help any humanitarian emergency in France or abroad.
Depending on the specific needs on the ground, the Fund's NGO-partners put forward a list of projects to the Fund’s Board, which is chaired by Baudouin Prot.
The Fund's trustees, supported by qualified experts in humanitarian work, then choose which projects to support.
Can I choose which organisation my donations go to?
The Rescue & Recover Fund was launched in close partnership with four NGOs (CARE, Red Cross, Doctors Without Borders and IFAW), to best respond to the needs of vulnerable populations and to act quickly when emergencies happen.
Supplemented by a matching contribution from BNP Paribas, all donations are distributed equally between the four NGOs who carry out the work that the Fund supports.
Are my donations eligible for tax exemptions?
Rescue & Recover Fund donations are eligible for tax exemptions in France and Luxembourg, in accordance with the tax regimes in each country.
If you are tax-resident in France, 66% of your donations are tax deductible!
This means that 66% of donations made to the Rescue & Recover Fund can be deducted from your tax liability, up to a limit of 20% of your taxable income.
If you are tax-resident in Luxembourg, 100% of your donations are tax deductible!
To benefit from these tax exemptions, you need to donate a minimum of €120 in a year. Additionally, the amount you can donate in any one year cannot exceed €1 million, or 20% of your net income.
Will my personal details be passed on to the Rescue & Recover Fund's NGO partners and will they ask me to make further donations?
The Fund's NGO partners do not receive any personal information about Rescue & Recover Fund donors. The details that you provide will only be used to ensure that you have the right tax receipts and to send you information about how the partner-NGOs have used the funds.
Technical issues
I'm an employee. How can I make a donation to the Rescue & Recover Fund?
To make a donation to the Rescue & Recover Fund, click on the "make a donation” tab on the navigation bar. You will be automatically redirected to the registration form. You'll need to complete this form in full, so make sure you have your BNP Paribas Directory ID details with you.
Can I change my personal details?
How do I get my tax receipt?
If you are tax-resident in France or Luxembourg, you will automatically receive your tax receipts as an attachment to the confirmation email of your donation.
My transaction appears to have been refused, what should I do?
It’s possible that the transaction has been refused by your bank. If this is the case, it's best to contact your bank directly to resolve the problem.
What payment methods can I use when I make a donation?
The Fund currently holds bank accounts in different currencies: Euros, US Dollars, British Pounds, Swiss Francs, etc.. You can choose to make a donation in any of this currencies, but donations can be made by bank card only.
If your donation is more than €5000, we can offer you the possibility to make a bank transfer. Please contact us at fondsdedotation@bnpparibas.com
