Civic Foundations
These differ from CDAs in that there is no minimum number of Founders. The Founders should have Articles of Association comprising the following information:
- The Foundation name and its geographical jurisdiction and headquarters in Egypt.
- The purpose for which it is established.
- A detailed account of funds appropriated to realize the Foundation’s purposes.
- The foundation’s management organization, including methods of appointing head and members of boards of trustees and manager.
Read more about this topic: Egyptian NGO Law
Famous quotes containing the words civic and/or foundations:
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“The objects of a financier are, then, to secure an ample revenue; to impose it with judgment and equality; to employ it economically; and, when necessity obliges him to make use of credit, to secure its foundations in that instance, and for ever, by the clearness and candour of his proceedings, the exactness of his calculations, and the solidity of his funds.”
—Edmund Burke (1729–1797)