Registration of the Foundation

One of the forms of non-profit organizations is the foundation. A charitable organization can be created in the form of a fund. Also, the law allows the creation of public funds.

By whom and for what is the registration of the fund?

The foundation, like any non-profit organization, is created not to make profit, but to achieve socially significant, socially useful goals. Entrepreneurship fund can only deal with the achievement of statutory goals. The main task of the fund is the accumulation of funds and their direction to realize the main goal of the fund: assistance to certain categories of citizens or society as a whole.

The foundation is established by citizens and legal entities. Perhaps a joint institution: at the same time, individuals and organizations become founders of the fund. The number of founders of the fund is not limited by law. The only exception is the public fund. At least three founders must participate in its creation.

A foundation is an organization that does not have membership. Like all non-profit organizations, the fund is created at the expense of the founders and does not have any charter or share capital. The property transferred by the founders to the fund becomes the property of the fund. The foundation is not liable for the obligations of the founders, nor are the founders responsible for the fund's obligations. The objectives of the fund are often associated with charity, helping disadvantaged people, reviving cultural heritage and national heritage. To carry out business activities, foundations have the right to create economic companies or participate in them. The Fund is required to publish annual reports on the use of its property.

One of the features of the fund is the existence of such an organ as a board of trustees. This body oversees the activities of the organization. The board of trustees works on a voluntary basis, and the procedure for its formation is defined in the statute. Another feature of the fund is that the fund can not be liquidated by decision of the founders. The fund can be liquidated only in a judicial procedure.

Registration of the fund is carried out in the authorized territorial bodies of the Ministry of Justice. The average term of registration of the fund is 1.5 months. In St. Petersburg, the registration of non-profit organizations is handled by the Main Directorate of the Ministry of Justice of the Russian Federation for St. Petersburg. For registration of a non-profit organization, a fee is paid, the amount of which is currently 4000 rubles.

For registration of the fund, the following set of documents is submitted to the authorized body:

- a statement in the form of RN0001 in 2 copies (one copy is certified by a notary);

- charter (3 copies);

- protocol / decision on the establishment of the fund (2 copies);

- Information on the organization's address in 2 copies (usually in the form of a guarantee letter or lease agreement with copies of the certificate of ownership) ;

- information on the founders of the organization (in 2 copies);

- a document confirming the payment of the state fee.

Because The main type of activity of the fund is the receipt of funds and sending them to the statutory purposes, as the code of OKVED in the statement on the form РН0001 indicate the code 65.23. The application is signed by one of the founders, who becomes the Applicant. All documents submitted to the Ministry of Justice for registration of the fund must be sewn, numbered and signed by the applicant on the firmware.

Documents for registration of a non-profit organization can be submitted to the authorized registration body by the applicant both personally and through a representative (by proxy, executed in accordance with the current legislation).