FLORENCE, ITALY – The Italian government’s Art Bonus scheme for attracting private donations for the arts has now garnered more than 100 million euros, Culture Minister Dario Franceschini said on Twitter.
Superati oggi i 100 milioni di donazioni di privati per la cultura!Un successo di #Artbonus https://t.co/8sO1lrQczW pic.twitter.com/OL10A9DMiq
— Dario Franceschini (@dariofrance) June 23, 2016
«More than 100 million in private donations for culture! Success for #Artbonus», minister Franceschini tweeted.
Lombardy has been the most generous region so far, followed by Veneto, Emilia Romagna, Tuscany and Lazio.
The scheme, launched last year, offers tax breaks on art-related donations, allowing for a 65% deduction on eligible donations. It has helped fund hundreds of cultural sector projects and hundreds more are in the works.
The tax credit Art bonus is granted to individuals, to non-profit organizations and businesses for charitable contributions destined to the following:
– maintenance, protection and restoration of public cultural works (eg. monuments, historic buildings, works of art);
– support of public cultural institutions (eg. museums, libraries, archives, archaeological areas and parks), opera/symphonic foundations and traditional theater;
– realisation, restoration and upgrading of facilities of public institutions dedicated to performances.