Statute for a European Foundation

27-06-2013

Public-benefit foundations make significant contributions to society in EU Member States (MS). In recent years many have expanded, to operate across borders. However, the lack of harmonised rules has caused problems of legal recognition in other MS and threatens to limit the potential value of the sector. The Commission has brought forward a proposal to tackle the issue.

Public-benefit foundations make significant contributions to society in EU Member States (MS). In recent years many have expanded, to operate across borders. However, the lack of harmonised rules has caused problems of legal recognition in other MS and threatens to limit the potential value of the sector. The Commission has brought forward a proposal to tackle the issue.