Foundation purpose
The purpose of the private foundation set by the founder in the declaration. Binds the board and the bodies.
The purpose is at the core of every private foundation. It may cover family support, business continuity or charitable aims. The foundation board must orient every decision to the purpose.
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Legal basis
Statutory texts for orientation; the version in force at the relevant time prevails.
This explanation gives a general overview of Austrian law and does not replace advice in an individual case. The specific circumstances of your foundation are always decisive.
Conflict in the foundation, a blocked board, information denied?
In foundation law, structure, deadlines and evidence decide. Call us directly or write to us, callback within one business day.
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Address
BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg
Phone
+43 662 6280000