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Initially, the sole source of funding for the Foundation will be the contributions by trustees, the founding capital and any subsequent contributions made periodically to cover the Foundation’s needs. In the future, the Foundation will also have income deriving from the assets and rights composing its wealth.

While not renouncing the possibility of obtaining income from the actual activity pursued by the FUNDACIÓN IMPUESTOS Y COMPETITIVIDAD, provided that it is compatible with the Foundation’s non-profit nature and that it does not entail an unjustified limitation on the scope of its potential beneficiaries, the status as a foundation and the defense of general-interest objectives will allow us to aspire to obtain public or private grants and donations, as well as financial assistance for the performance of its activities through the subscription of Business Collaboration Agreements.

In this regard, as the Foundation has formally requested to apply the special tax regime established by Law 40/2002, of December 23th, on the Tax Regime for Not-for-Profit Entities, the donations received may reduce the donor’s corporate income tax or personal income tax payable, depending on whether it is an individual or an entity; while the amounts paid or expenses incurred by companies in the execution of Collaboration Agreements will be considered as deductible expenses. If you are interested in making a donation, or signing an agreement, or if you would like more detailed information, please contact us and we will be happy to answer your questions.