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Legislative Framework for Donations

By direct advocating for a more inciting legal and fiscal framework for local donating, Trag enables greater support to citizens’ initiatives in communities. By supporting the participation of citizens’ associations from both local and national level in bringing and changing certain policies we provide a better framework for community development in relevant areas.

In cooperation with the European Center for Non-Profit Law (ECNL) and Ministry of Culture and Information of the Republic of Serbia, Trag has actively participated in the preparation of the Law on Endowments and Foundations. The process of creation of the Draft was participatory, public and it resulted in bringing the new Law on Endowments and Foundations. National Parliament of Serbia has adopted the Law on Endowments and Foundations on 23rd November 2010, which contributed to the creation of a favorable legal framework for the development of endowments and foundations and their transparent management and business. Trag continues to work on activities that will significantly improve the work of existing foundations and endowments, by contributing to the revival of philanthropic and donating culture in Serbia.

The text concerning the Law on Endowments and Foundations, together with the corresponding explanation, can be downloaded here:

Text of the Law on Endowments and Foundations.pdf

Explanation guide to the Law on Endowments and Foundations.pdf

Parallel with these activities, Trag actively works on international and local cooperation with partners and networks which is directed towards the creation of a more favorable legal and fiscal framework for local donating and providing support to citizens’ initiatives in local communities.

SIGN Network – Trag, together with foundations from six countries in the region, gathered in SIGN Network, works on activities that will contribute to the creation of a favorable environment for the development of philanthropy and donating for common good. Within the project “SIGN for Sustainability”, supported by the European Union, based on legal analysis and comparative experiences from the region and EU countries, suggestions for improvement of fiscal policies are being created. Local donating will be stimulated by introducing and improving tax reliefs for companies and individuals, thus providing better conditions for the bigger sustainability of civil society and citizens’ initiatives.

Initiative to change the law on corporate income tax and the law on property taxes.pdf

Coalition for Social Entrepreneurship Development – As a member of Coalition for Social Entrepreneurship Development, Trag is dedicated to the development and improvement of social entrepreneurship in Serbia. Through its work in Coalition, Trag participates in the implementation of activities that support social businesses, advocates for the creation of a favorable environment, and promotes the significance of the concept for economic advancement and sustainable development of society, intending to establish the platform for the development of social entrepreneurship in Serbia. Activities of Trag foundation in Coalition are primarily directed towards the creation and adaptation of legal acts important for the development of this field.