05 reasons to support Instituto Panapaná
Sponsoring a social project like Instituto Panapaná, which offers vocational courses for young people and adults, can be an excellent opportunity for companies that seek to invest in social actions and promote the economic and social development of the country.
There are several reasons to sponsor this type of project, and I will list 5 reasons to support Instituto Panapaná:
- Contribution to the training of qualified workforce: By sponsoring a social project with vocational courses in the areas of technology and marketing, we are investing in autonomous professions with high demand. Additionally, the company is contributing to the formation of a qualified workforce, which can benefit not only the company itself but also the job market as a whole.
Employment opportunities: Vocational courses can create new job opportunities for the young and adults served by the project, which can contribute to the reduction of unemployment and social inequality. This naturally reduces crime rates and poverty.
- Institutional image: By sponsoring a social project, the company can improve its institutional image, demonstrating concern for the social and economic development of our country. This can have a positive impact on consumers’ perception of the brand and society in general.
Social return: Investing in social projects is a way to contribute to the development of society as a whole, generating significant social returns that can be reflected in improvements in quality of life, well-being, and social justice.
- Fulfillment of social responsibility: Companies have an important role in promoting social and environmental responsibility. By sponsoring a social project, the company can fulfill this responsibility and contribute to the well-being of the community in which it operates.
How to support the project?
The Fund for Childhood and Adolescence (FIA) was created by Law No. 8.069/1990, also known as the Statute of the Child and Adolescent. This fund allows companies and individuals to allocate up to 1% of their owed taxes to projects focused on the protection of children and adolescents. In addition to contributing to the promotion of the rights of children and adolescents, companies that support projects through FIA can obtain tax exemptions and are required to provide an account of the use of the resources.
To take advantage of the tax exemption provided by the law, the company must make the donation to a project approved by the Municipal Council for the Rights of Children and Adolescents (CMDCA). CMDCA is responsible for selecting and approving projects to be funded with FIA resources, based on criteria established by law.
By donating to a project approved by CMDCA, the company can deduct the donated amount from the owed taxes, limited to 1% of the owed taxes. This amount must be reported in the company’s income tax declaration.
In addition to the tax exemption, the company supporting a project through FIA is required to provide an account of the use of the resources. This accountability must be carried out according to the norms established by CMDCA, which may vary depending on the municipality. In general, the accountability includes the presentation of financial and project activity reports, as well as proof of expenses made with FIA resources.
The company supporting a project through FIA can also request information about the progress of the project and the results achieved with the fund’s resources. This can help the company assess the impact of its social investment and identify opportunities for improvement or continuation of support.
In summary, the use of FIA is an interesting way for companies and individuals to contribute to the protection of children and adolescents while obtaining tax exemptions. To utilize this mechanism, it is important to choose a project approved by CMDCA, make the donation, and provide an account of the use of the resources. In doing so, it is possible to contribute to the social and economic development of the country and promote citizenship and social justice.
But this is just one of the incentive laws and support for projects of Instituto Panapaná. Want to know more? Read this article.
