Fund is a non-profit organization established by citizens and (or) legal entities on the basis of voluntary property contributions received from them. A distinctive feature of the foundation is that it pursues various charitable, social, cultural or other socially useful goals.
Instructions
Step 1
A charitable foundation can be created both by reorganizing an existing legal entity (another non-profit organization), and by establishing it. Both citizens and legal entities can act as founders of the fund. The founders may also include state bodies, local self-government bodies, if this does not contradict the law.
Step 2
The process of forming a charitable foundation through its establishment begins with a decision on its creation on behalf of all founders. This decision is made by them at the general meeting. Here, the issues of fund management, approval of its charter should be resolved, the composition of permanent bodies should be chosen, and most importantly, socially useful purposes for which the fund is created. Then, an agreement is concluded between the founders on the creation of this non-profit organization, the amount of funds is formed, which are subsequently transferred to the disposal of the fund in the form of charitable contributions.
Step 3
After settling all the above issues, the fact of the creation of a charitable foundation is subject to state registration (with the entry of an entry on the creation in the unified state register of legal entities). For this, documents (the decision of the founders on the formation of the foundation, its charter, documents confirming the payment of contributions) are sent to the registration chamber.
Step 4
The submitted information is checked for compliance with the current legislation, according to the results of which the chamber decides on the registration of the newly created charitable foundation (or on the refusal of such registration). The foundation is considered to be created from the moment of its state registration.
