Definition: Foundation

Category: Business registers

A social economy enterprise (non-profit institution) characterized by:

- Run by appointed trustees

- Capital supplied through donations and gifts

- Financing and undertaking of research, supporting international, national and local projects; providing grants to relieve the needs of individuals, funding voluntary work, health and elderly care. http://ec.europa.eu/eurostat/ramon/statmanuals/files/KS-32-10-216-EN-C-EN.pdf