Also treated favorably for purposes of taxation are those donations to nonprofit foundations which are collected from the general public and designated by the Minister of Finance as being urgently needed for the promotion of public welfare. If the donor is a corporation, the entire sum is recognized as a financial loss, and if the donor is an individual, the amount donated can be deducted from the individual's total taxable income. There are some designated cases in the field of culture, such as donations for the repair of national treasures or important cultural properties, or the construction of disaster prevention facilities.
