1Bi Fund of BrazilFoundation
We work so that education and technology promote opportunities for all young Brazilians
About the Fund
Foster the use of technology for social impact
Teaching through technology
1Bi Fund aims to promote education and opportunities for all young people in Brazil.
About Fundação 1Bi
Fundação 1Bi was launched in 2019, with the focus of promoting technology projects with social impact. It operates based on two pillars: teaching through technology and encouraging the use of technology for social impact. Such digital fronts complete education actions by digital means, training and partnerships with other institutions, social, hackathons, consulting for NGOs etc.
USA: Contributions to BrazilFoundation – EIN 13 4131482, a non-profit under Section 501(c)(3) of the US Internal Revenue Tax Code – are deductible to the full extent permitted by law. Individuals can deduct up to 50% of their adjusted gross income; companies may deduct up to 10% of taxable income, prior to discounting the philanthropic investment. BrazilFoundation provides a tax-receipt acknowledgement of the contribution it receives.
Brazil: BrazilFoundation is a non-profit organization, designated as a Public Interest Civil Society Organization (OSCIP, as per its initials in Portuguese) under Law 9.790/99, Ministry of Justice file no. 08071.000389/2004/01, Corporate Taxpayer Registration No. 04.839.572/0001-10. A donation receipt can be issued for donations made in reals. The donor must request their receipt directly from BrazilFoundation. Since we are an OSCIP, tax incentives are only awarded to businesses taxed on their profits. These businesses can deduct the cost of donations up to 2% of their operating profit. An individual donor may report the amount donated when filing income tax, but will not receive a tax incentive.