The Phase2Therapy foundation received a charitable satus from the Dutch tax services.
The Dutch abbreviation ANBI means Algemeen Nut Beogende Instellingen (Institution Aimed at the Common Good) refers to charitable, religious, humanistic, cultural and scientific institutions whose mission and operations are deemed by the Tax Service overwhelmingly to serve the Common Good.
The Dutch government implements a fiscal policy that encourages the donation of funds to causes that advance the Common Good. Apart from granting tax advantages to P2T, ANBI status also favors P2T’s sponsors and contributors in countries that grant tax concessions to foreign registered charities, as well as those based in the Netherlands. Supporters of P2T who make a donation may be able to deduct the amount from taxable income.