Recently, the direction of assistance has been developing more and more in society. The best way to implement it is to create a charitable foundation. The activities of such funds can be diverse - from helping a particular person to helping victims of wars and disasters, from preserving monuments to protecting wildlife.
Like any organization, the fund must be registered with the relevant institutions, must report on its activities.
The main regulatory documents governing the creation and operation of funds:
- Federal Law N135-Federal Law of 08/11/1995 "On charitable activities and charitable organizations";
- Federal Law N7-Federal Law of 12.01.1996 "On non-profit organizations."
By law, a charitable foundation prohibits commercial activities. Funds to the fund come from benefactors and sponsors. At least 80% of the contributions received should be spent on charity and not more than 20% on the maintenance of the organization itself.
Money, material resources and services that are transferred to the fund are not subject to taxation. All turnover of the fund’s funds is documented and submitted quarterly to the tax office in the form of a “Report on the use of funds of non-profit organizations."
How to create a charity fund?
Documents that must be provided in order to create a charitable foundation:
- for founders of individuals, the name of the fund and its activities;
- for founders of legal entities - additionally their constituent documents;
- certificate of entry in the register;
- certificate of tax registration;
- certificate of registration and constituent documents;
- bank details of the founder - legal entity;
-
letter from Goskomstat on the assignment of codes;
- documents confirming the location of the organization;
- information about officials - director, accountant.
Copies of constituent documents and the charter are required to be submitted to the tax, because on their basis a decision is made to include the fund in the register of non-profit organizations for exemption from taxes on certain types of income (donations, income from deposits and securities, subsidies or subsidies from budgets, etc..).
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