THE STATUTE OF THE ASSOCIATION OF CORPORATE FOUNDATIONS AND FUNDS
Introduction
The Association of Corporate Foundations and Funds (hereinafter only as the Association) is an informal platform the objective of which is networking its members and advocating the interests of the corporate foundations community.
The Association has the mission of participating in the cultivation of environment within foundations and supporting corporate donating activity in Slovakia.
Corporate foundations, corporate donating and non-investment funds from TOP 30 measured according to the total money given will be among members of the Association.
The Centre for Philanthropy and The Pontis Foundation have initiated the establishment of the Association and will act jointly for the Association in legal matters against third parties.
The Pontis Foundation and The Center for Philanthropy will execute administrative and supporting activities on the 2-year rotational principle.
Members will give annual donations for the operation and achieving Association´s objectives as defined in the membership application. Members may give their donations individually for the realisation of major projects and events, as partners of specific projects.
General provisions
- The Association has no legal identity.
- All members have equal rights and responsibilities as defined in the statute of the Association.
- Members shall adhere to the terms of the membership.
Membership terms
- A corporate foundation / an endowment and/or non-investment fund shall be registered pursuant to Act No. 34/2000 on foundations as amended; a business entity being a founder of such corporate foundation / an endowment and/or non-investment fund.
- A corporate foundation / an endowment and/or non-investment fund shall adhere to all legal requirements for its operation.
- A corporate foundation / an endowment and/or non-investment fund shall provide support to third subjects for community purposes.
- A corporate foundation and a fund shall adhere, beyond the legal requirements, to the Code of Ethics of the Association of Corporate Foundations and Funds.
- Donation amounting to 1,500.00 Eur as defined in the Association´s application.
Bodies
- General Meeting
- Board of Directors
- Board of Supervisors
- Executive Committee
- Secretary
The Association´s bodies shall be elected for 2-year election periods.
General Meeting
Representatives of member organisations shall form the General Meeting and shall be entitled to vote and be elected for the Association´s bodies (the Board of Directors and the Board of Supervisors).
The General Meeting shall be the main decision-making body of the Association. General Meetings will be held 2 times a year.
Board of Directors
During the general meeting, members will elect their representative body, namely the Board of Directors and the Chairperson who will represent the Association in public matters and make decisions during the period between general meetings.
The Board of Directors shall comprise of the Chairperson and two Vice-chairpersons. The Board of Directors shall have 4 meetings a year.
Absolute majority of all Association´s members present shall be required to vote in favour of members of the Board of Directors provided that the absolute majority of all Association´s members will be present during the vote.
Board of Supervisors
The Board of Supervisors comprising of 2 representatives of member organisations with no presence in the Board of Directors and 1 external representative will monitor financial management of the Association.
The Board of Supervisors shall have 1 meeting a year.
Members will agree on the Board of Supervisors names using per rollam method, following the proposal of the Board of Directors.
Executive Committee and Secretary
The Executive Committee comprising of the representatives of platform´s initiative The Pontis Foundation and The Centre for Philanthropy shall be the executive body of the Association. The Executive Committee shall coordinate the fulfilment of objectives and execution of decisions of the Association and the work of the Secretary (approx. 12 meetings a year).
The Secretary shall be appointed by the Executive Committee and approved by the Board of Directors. The Secretary shall be responsible for daily operation within the Association, organising meetings of members, the Board of Directors, the Board of Supervisors and the Executive Committee and execution of their decisions.
Admitting new members
New members will be required to publicly declare that they will adhere to the Code of Ethics of the Association and meet required criteria.
New members will be admitted to the Association after the approval of the General Meeting, on the proposal of the Executive Committee. Absolute majority of members present at the General Meeting shall be required to admit a new member provided that the absolute majority of all Association´s members will be present during the vote.
Exclusion of a member
A member may be excluded from the Association for failure to meet the membership terms and/or for flagrant violation of the Code of Ethics.
The Board of Directors shall present a proposal for member exclusion that shall be decided by the General Meeting.
Absolute majority of members present at the General Meeting shall be required to exclude a member from the Association provided that the absolute majority of all Association´s members will be present during the vote.
