Thursday, 22 July, 2021

The government wants to boost the legacies of great fortunes


The government is preparing to launch a mission to promote the legacies of great fortunes to associations and thus develop a “culture of French philanthropy”, announced Secretary of State Gabriel Attal in an interview published Thursday.

The Secretary of State to the Minister of National Education cites the Americans Warren Buffett and Bill Gates, two of the richest men in the world, who plan to donate a large part of their capital to charities.

“I hope that the great French fortunes can also bequeath their money to works”, declares Gabriel Attal in his interview with Le Monde. “However, in France, this ‘giving pledge’ is impossible because you have freely only a small part of your assets, called ‘available quota’ and the largest” goes to your heirs “, he adds.

“Developing a culture of French philanthropy”

The government will make a final decision based on the findings of a mission that will soon be launched, says the youngest member of the government.

It is “simply a matter of” seeing if we can give additional freedoms to those who want it and have the means “and” to develop a culture of French philanthropy “, he adds, while excluding in advance a reform of the inheritance tax system.

“A list of works likely to receive these donations could also be determined, to avoid any drift,” says Gabriel Attal.

(with Reuters)