Donations

How do we use your donation?

All Yale Club activities are funded entirely by donations from alumni and friends!

Your donations will directly benefit our club activities (alumni in-person and online events, scholarships, essay contests, lectures, the Munich Dialogues on Democracy, …).

If you want to support a specific activity, you can indicate so during the Paypal checkout process. If you donate by bank transfer, please write your desired earmark as Verwendungszweck/note to payee.

Quick facts about our finances

• we are a registered charity in Germany (gemeinnütziger eingetragener Verein)
• your donations are fully tax-deductible (and monitored by German fiscal authorities)
• donations are spent almost exclusively on club activities/events, because we have extremely low operating costs:
  • no compensation for board members
  • our only recurring fixed costs are web hosting and some legal/administrative fees which are necessary to maintain our status as registered charitable organization (e.g. for notarizing our annual meeting minutes)
  • in 2024, we spent:
    • 14.912 EUR on events and stipends
    • 272 EUR on banking fees/taxes
    • 104 EUR on public relations (webserver etc.)
    • 0 EUR on administration/other

What about my donation receipt?

Apologies for not conforming to the stereotypes about German bureaucracy – but issuing donation receipts is actually no longer necessary for smaller donations…!

Donations up to €300
➡️There is absolutely no need for a donation receipt anymore!⬅️
Your payment slip /bank statement is sufficient proof in your tax return – see EStDV §50 (4) 2.

Donations above €300
The club can issue a tax-deductible donation receipt for your donation. Please provide our treasurer with the following info – either in your bank transfer, or by email:

• your email address (required to send you your tax-deductible donation receipt as PDF file)
• your full mailing address (the donation receipt needs to state your full name and address)