Horizontes Fund

Horizontes: Art Against COVID-19

Horizontes: Arte contra a COVID-19 is an initiative among artists, galleries, and art professionals to bring relief measures to the crisis generated by the pandemic in Brazil’s most vulnerable communities. The initiative proposes a platform for the digital sale of artworks donated by Brazilian artists and gallerists. As an incentive, the works have their value reduced by 25%. The funds will be fully converted to institutions that are actively combating the virus and the hardship it is causing, helping low-income families and locales that suffer from social exclusion. We believe that Art is, beyond all things, a useful tool in this challenging time which we will only overcome together.

Tax Benefits

Brazil: BrazilFoundation is a non-profit organization, designated as a Public Interest Civil Society Organization (OSCIP, as per its initials in Portuguese) under Law 9.790/99, Ministry of Justice file no. 08071.000389/2004/01, Corporate Taxpayer Registration No. 04.839.572/0001-10. A donation receipt can be issued for donations made in reais. The donor must request their receipt directly from BrazilFoundation. Since we are an OSCIP, tax incentives are only awarded to businesses taxed on their profits. These businesses can deduct the cost of donations up to 2% of their operating profit. An individual donor may report the amount donated when filing income tax, but will not receive a tax incentive.

USA: Contributions to BrazilFoundation – EIN 13 4131482, a non-profit under Section 501(c)(3) of the US Internal Revenue Tax Code – are deductible to the full extent permitted by law. Individuals can deduct up to 50% of their adjusted gross income; companies may deduct up to 10% of taxable income, prior to discounting the philanthropic investment. BrazilFoundation provides a tax-receipt acknowledgement of the contribution it receives.