Foundation year reports
Financial responsibility:
- The foundation’s capital is made up of donations, legacies, testamentary dispositions, subsidies and gifts, as well as any other acquisitions. It serves to achieve the foundation’s objectives. No natural person or legal entity may dispose of the foundation’s capital as if it were his or its own.
- The foundation seeks to be a public benefit organization. Making a profit is not among its objects.
- The foundation’s capital must not hold more funds than are reasonably required for the continuity of the intended activities for the benefit of its objects. It is, however, permitted to maintain acquired capital if such has been stipulated by a testator or donor.
INQUA reports for 2021-2023 are available below: