Tax Efficient Giving

In terms of Section 18A of the Income Tax Act, donations to approved public benefit organizations in South Africa are, subject to certain limits tax deductible by the donor where the donor is a South African income tax resident.  Donors may claim up to 10% of their taxable income.  The St Mary’s School Waverley Foundation (St Mary’s Foundation) has been approved by SARS as a public benefit organization and also for the purposes of Section 18A.  Your donation to the St Mary’s Foundation will, therefore, in addition to being an investment in the future of young women in South Africa, provide tax relief to you, the donor.