ALBA, as an educational not-for-profit institution offering scholarships, is by Greek law entitled to receive donations from Greek individuals and Greece-based corporations with the most advantageous legal tax exemption provisions in force for the donor.
Sponsorships for specific events can also be made against a sponsoring invoice issued by ALBA, which will include a 23% VAT.
Provisions have been made for ensuring tax exemptions for donations by U.S. taxpayers.