New research from WINGS, the Centro de Filantropía e Inversiones Sociales de la Escuela de Gobierno de la Universidad Adolfo Ibáñez, and the Lilly Family School of Philanthropy at Indiana University is looking at legal frameworks in Latin America and the Caribbean that regulate donations and the lifecycle of nonprofits to understand the impact on philanthropy.
The research found that there are many onerous requirements, including long registration periods for nonprofits, the cost of registering a nonprofit can be up to $500 in some countries, and all countries across the region are required to submit detailed annual reports regardless of their size.
However, some countries had simpler requirements, such as Brazil, Chile, and Colombia. And all countries in the region offer tax incentives for donations, except Ecuador.
WINGS will be exploring the study’s findings with an aim of understanding how philanthropy support organisations can advocate for better regulatory frameworks in a webinar on 3 May, alongside CEFIS and the Lilly Family School of Philanthropy.
To read the report, visit wings.issuelab.org.