Armenian legislation does not currently offer any tax incentives for businesses to engage in philanthropic activities. EPF Armenia initiated a legal assessment and comparative analysis of Armenian legislation that governs philanthropic giving with legislation from other countries. Based on the results of this assessment, EPF is going to introduce the concept of endowments in Armenia as a tool for providing financial sustainability to civil society, educational and cultural institutions, while at the same time facilitating individual and corporate giving in Armenia. The draft Endowment Law was prepared by EPF’s contractor Grant Thornton Amyot LCC.
