Grants and Charity Policy
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Grants and Charity Policy

Our Company’s Grants and Charity Policy is determined as “Grants and charity assistance are to be provided to GSD Education Foundation and other foundations and charitable associations granted tax exemptions by the Council of Ministers, and wreaths to be sent on various occasions are to be included in the grant procedure."  The upper limit for grants and charities which can be made by the Company in a financial year is TL 60,000.00.

 Grants, Charities and Social Responsibility Expenses of GSD Group (*) 

31.12.2014 (TL) Tekstilbank Tekstil Investment  GSD Bank GSD Marine (**) GSD Factoring (***) GSD Holding GSD Group
Turkish Education Foundation 3,990.00 200.00 300.00 200.00 400.00 5,090.00 
GSD Education Foundation 10,000.00 10,000.00 10,000.00 21,424.00 10,000.00 10,323.81 71,747.81 
The Association for Supporting Contemporary Life 10,100.00 - - - - 10,100.00 
Other 650.00 450.00  254.50 - - - 1,354.50 
Total 24,740.00 10,450.00 10,454.50 21,724.00 10,200.00 10,723.81 88,292.31

(*) All of the grants, charities and social responsibility expenses of GSD Group in 2014 are provided in Turkey.

(**) The merger of GSD Denizcilik Gayrimenkul İnşaat Sanayi ve Ticaret A.Ş. and GSD Dış Ticaret A.Ş., both of which are the subsidiaries of GSD Holding A.Ş., under GSD Denizcilik Gayrimenkul İnşaat Sanayi ve Ticaret A.Ş. by means of the take-over of all of the assets and liabilities of GSD Dış Ticaret A.Ş., dissolving without liquidation, by GSD Denizcilik Gayrimenkul İnşaat Sanayi ve Ticaret A.Ş. is registered in trade registry on 31 December 2014. 

(***)The Extraordinary General Assembly Meeting of Tekstil Faktoring A.Ş. held on 8 July 2014 resolved to change the company name to GSD Faktoring A.Ş. and the mentioned issue has been registered in Istanbul Trade Registry on 21 June 2014.