Comparison of the Baltic states’ tax reduction policy for donations to universities

Abstract

The oldest Universities of the Baltic states: Vilnius University, Tartu University and University of Latvia are financed by governments. Finances are short for all universities’ development plans and they are looking for donations from private patrons and entrepreneurs. Tax reduction substantially motivates philanthropists to donate to university development projects. Aim of this research is to compare the legal framework for attracting donations to universities of the Baltic States. In each of the Baltic States there is a different tax reduction policy, but in all countries are the same strands stated by state for stimulating receive tax reductions if philanthropists are willing to donate to universities. Tax reductions and their application principles to donors in the Baltic States provide a sound opportunity to donate to universities.