Out In Africa is now registered as a Public Benefit Organisation (PBO) with an 18A Tax Exemption status. This means that your donation to OIA is tax deductible (Tax Act 58 of 1962) – you give us money, we give you a certificate, and the taxman gives you a break!
Annual taxable income: R120,000.00
OIA donation: R 240.00
Taxable income: R119,760.00
Tax payable: R 10,801.00
Your saving: R 44.00
We know it’s small, but every penny counts! The more you give (not exceeding 10% of your taxable income) the more you get back.
This is a heartfelt plea to those of you who enjoy the Festival and who would like to attend such gatherings in future to “own” the Festival.
We need a minimum of R3,000,000 (three million Rand) a year to achieve all the annual activities we have planned. A million bucks isn’t, well, shouldn’t be, all that hard to raise. We began this a few years ago using the simple equation of dividing 1 million by 120 (being a donation of R10 for a year) and arriving at 8333. We have had a modicum of success. Now we have upped the ante and are asking for R240 a year and so the new equation is: 4166 people donate R20 a month (R240 a year) and we’ll have R1,000,000.
We think that 8333 is catchier, more memorable, than 4166, so we’ve kept the name.
Spare what you can, but a R60 monthly donation from every Festival-goer will fund the entire Festival next year.
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