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Study of the Day: Only 2 out of 10 companies know about the possibility of using Declaration 177 to support the projects of associations and foundations

Summary: Sponsorship Opportunities for Businesses in Romania

Findings:

  • Low awareness (20%) among Romanian businesses about Declaration 177, a tax benefit for sponsorships of NGOs.

  • High general interest in sponsorships (90%) but low participation (24%).

  • Financial limitations and lack of knowledge about tax advantages hinder sponsorship activities.

  • Popular causes for corporate social responsibility (CSR) include children's welfare, healthcare, education, and environmental protection.

Key Takeaway:

Significant potential exists for increased corporate social responsibility (CSR) activities in Romania through tax-deductible sponsorships facilitated by Declaration 177.

Trend:

  • Growing interest in CSR among businesses, but knowledge gaps and financial concerns create barriers.

Conclusions:

  • Educating businesses about Declaration 177 can unlock a powerful tool for social impact and tax optimization.

  • Companies seeking to engage in CSR can find impactful opportunities by partnering with NGOs like Dăruiește Viață.

Implications for Brands:

  • Highlighting the tax benefits of Declaration 177 can be a compelling marketing message for businesses.

  • Partnering with reputable NGOs like Dăruiește Viață allows brands to associate themselves with positive social causes.

  • Showcasing successful CSR initiatives like #NoiFacemUnSpital can inspire other businesses and build brand reputation.

Note: Although the focus is on social good, there is an opportunity for brands to position themselves as facilitators of CSR through effective communication and partnerships with NGOs.

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