YUHAN University

Scope of participants

Alumni members, enrolled students, parents, faculty members, general public, corporations and organizations, etc.

Format of donation for the fund

Cash, stock, marketable securities, real estate, intellectual property right, patent right and valuables, etc.

Use of the development fund

• Expansion of educational facilities: Lecture rooms, labs, and research materials and equipment, etc.
• Expansion of welfare facilities: Health and welfare facilities to improve the educational environment (establishment of sports center, etc.)
• Support mid to long-term development plans of the University
• Various scholarship funds
• Literature funds
• Specific purpose projects that the contributor wishes to pursue
• Multifaceted international exchange projects in alignment with the trends of globalization and informatization

Honoring of contributors

• Confer certificate or plaque of appreciation
• Installation of monument bearing the name (name or pen name of the contributor), allocate building name or naming of portion of the building that the contributor wants, provided that such naming complies with the university Ideologies underlying the establishment of school
• In the event of making donations in excess of the prescribed amount set by the President of the University, name the fund in accordance with the desire of the contributor
• Other treatments in honoring the intentions of the contributor

Tax benefits

Personal donation

Full amount of the donation is tax deductible within 100% of the income of the contributor at the time of annual settlement of taxes or reporting of general income tax, and 15% block tax deduction rate is applied
(However, differential 25% tax rate will be for the portion of the donation exceeding 30 million KRW and for the donation amount that exceeds the limit of donation for the corresponding fiscal year can be transferred to the following years for tax deduction within 5 years.)
(Article 34 and Article 59-4 of Income Tax Act)

Corporate donation

Full amount of the donation is tax deductible within 50% of the annual income for the corresponding fiscal yar (after deduction of deficit carried over) and the donation amount that exceeds the limit of donation for the corresponding fiscal year can be transferred to the following years for tax deduction within 5 years.
(Article 24 of Corporate Tax Act).

Donation of inherited assets

In the event of donation in accordance with the bequeathal of the deceased and donation upon death, or donation of the inherited assets by the heir, inheritance tax is exempted for the entire donation amount.
(However, it applies only if donation is made within 6 months of date of commencement of inheritance.)
(Article 16 of Inheritance Tax and Donation Tax Act)

Fund related inquiries

Planning Department of Yuhan University, #590 Gyeongin-ro, Bucheon-si, Gyeonggi-do, [14780]

• telephone

  02) 2610-0632(Planning Department)
  02) 2610-0614(General Affairs & Accounting Team)

• fax02)2617-3544
• e-mailchoikuk@yuhan.ac.kr