Donations and Sponsorship
According to the Articles of Foundation defining TTGV’s opportunities and activities, it is stated that TTGV may accept donations to support its predefined activities.
Income Tax Law No. 193 allows entities that are considered taxpayers based on their commercial activities to donate up to 5 percent of their annual income to public benefit foundations which are exempt from tax, and to deduct such donations from their tax assessments. For those who make donations from their private wealth, no upper limit is applied. Pursuant to Article 89 of Income Tax Law No. 193, donations of up to 5 percent of annual income of individuals, and pursuant to Article 10 of Corporate Tax Law, donations up to 5 percent of annual income of corporations can be deducted.
Regarding the activities to be carried out on the basis of donations received, our main objectives are to observe TTGV’s mission and objectives, to develop product governance models that satisfy the expectations and requirements of the donor institutions and organizations, particularly in relation to visibility, and to provide advanced financial models and products that donors are unable to execute on their own.
Through the crowdfunding platform, the design and development works of which were initiated in 2015, it will be possible to provide support for research activities conducted in the common interest of society, to a limited extent. The platform has been designed as part of an integrated model with Kıvılcım, ideaport and technology commercialization activities, with the objective of positioning TTGV close to the ideas, markets and financial opportunities that play a key part in the development and implementation process of high value added, creative services in the value chain.