Instituto Reação Fund of BrazilFoundation

Forming black belts on and off the mat

The main goal is to finance the extension of the project scope created by Olympic medalist Flavio Canto, his coach Geraldo Bernardes and friends in 2003. The proposal is to use sport as an instrument to promote educational and social transformation by forming black belts on and off the mat. Currently, there are more than 3,000 children, adolescents and young adults who benefits from the project in eleven centers located in Rio de Janeiro, Mato Grosso, and Rio Grande do Norte.

About the Instituto Reação
Instituto Reação is a Civil Society Organization (CSO), that promotes human development and social integration through sport and education, offering judo and jiu-jitsu from sports initiation to high performance. Through the methodology of values “O Cicclo”, Reação seeks to awaken the potential of its students and families, aiming to overcome social inequalities and change the perspective of destiny determined by their background.

Site: institutoreacao.org.br
Facebook: facebook.com/InstitutoReacao | Instagram: @institutoreacao
LinkedIn: linkedin.com/company/instituto-reacao

 
Tax Benefits
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.

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 reals. 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.