Italy Collected 62 mn euros Through Culture Donations

Italy Collected 62 mn euros Through Culture Donations

Art Bonus has been launched in 2014 (photo: italy24 - Il Sole 24)

An Italian government scheme offering tax breaks on art-related donations has encouraged sponsors to gift more than 62 million euros to heritage projects, the Arcus culture association announced. The so-called "Art Bonus" scheme allows for a 65% deduction on eligible donations.
About 5 million euros have been donated through the scheme since the start of 2016. In 2015, 57 million euros was received from more than 1400 sponsors, 388 institutions and 250 municipalities registered on the "Art Bonus" portal. The scheme has so far helped fund 500 cultural sector projects and 400 initiatives are in the works. Lombardy in the richer north of Italy is the most generous region, having donated 22 million euros. It is followed by Veneto, Emilia Romagna, Tuscany and Lazio.

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