10.    Providing of funds, assets or other resources

 

The provision of –

 

(a)     funds, assets, services or other resources by way of donation;

 

(b)     assets or other resources by way of sale for a consideration not exceeding the direct cost to the organisation providing the assets or resources;

 

(c)     funds by way of loan at no charge; or

 

(d)     assets by way of lease for an annual consideration not exceeding the direct cost to the organisation providing the asset divided by the total useful life of the asset,

 

to any –

 

(i)      public benefit organisation which has been approved in terms of section 30;

 

(ii)     institution, board or body contemplated in section 10(1)(cA)(i), which conducts one or more public benefit activities in this part (other than this paragraph);

 

(iii)    association of persons carrying on one or more public benefit activity contemplated in this part (other than this paragraph), in the Republic; or

 

(iv)    department of state or administration in the national or provincial or local sphere of government of the Republic, contemplated in section 10(1)(a).

11.    General

 

(a)     The provision of support services to, or promotion of the common interests of public benefit organisations contemplated in section 30 or institutions, boards or bodies contemplated in section 10(1)(cA)(i), which conduct one or more public benefit activities contemplated in this part.

 

(b)     The bid to host or hosting of any international event approved by the Minister for purposes of this paragraph, having regard to –

 

(i)      the foreign participation in that event; and

 

(ii)     the economic impact that event may have on the country as a whole.

 

(c)     The promotion, monitoring or reporting of development assistance for the poor and needy.

 

(d)     The provision of funds to an organisation-

 

(i)      which is incorporated, formed or established in any country other than the Republic;

 

(ii)     which is exempt from tax on income in that other country;

 

(iii)    the sole or principal object of which is the carrying on of one or more activities that would qualify as public benefit activities listed in Part I of this Schedule if carried on in the Republic; and

 

(iv)    that carries on each of its activities-

 

(aa)   in a non-profit manner;

 

(bb)   with altruistic or philanthropic intent;

 

(cc)   in a manner which does not directly or indirectly promote the economic self-interest of any fiduciary or employee of the organisation other than by way of reasonable remuneration; and

 

(dd)   for the benefit of, or is widely accessible to the general public of that country including any sector thereof (other than small and exclusive groups).