Luxembourg foundation to usher in era of private giving

The Fondation de Luxembourg, a joint initiative of the Luxembourg government and the charity Oeuvre Grande-Duchesse Charlotte, has been launched in the Duchy. It will inform philanthropists, further a culture of giving, and develop links between donors and charities that need their involvement. The move is apparently a result of the government’s determination to foster a culture of giving in Luxembourg, and follows a symposium last year at which Prime Minister Jean-Claude Juncker said that it was time for the country to develop a philanthropy policy. In December last year, a number of significant changes to the tax treatment of philanthropy were ratified by the Luxembourgeois government.