Information Foundations in Norway

1 information

1.1 basic
1.2 legislation , regulatory authorities
1.3 creation
1.4 independence
1.5 organisation
1.6 scientific research

information

olav thon s foundation sizable business sector participant , 1 of country s bigger real estate owners. assets approximately 25 billion nok, biggest in norway.



the interior of rød manor owned foundation anker collections.


basic

there approximately 7,600 foundations in norway. based on total capital of 100 billion crowns, foundations possess , control assets of estimated 200–300 billions. constitute small economically important contribution norway s social , cultural life , sports, education, , science. norwegian foundations partly employ , partly engage approximately 35,500 individuals. foundations located in capital oslo (the biggest city) , bergen (the second biggest city). however, city-based foundations cover or parts of kingdom.

legislation , regulatory authorities

foundations regulated foundation law of june 15, 2001 (no. 59), , foundation authority (stiftelsestilsynet). inclusion in foundation register (stiftelsesregisteret) compulsory.

so-called savings bank foundations (sparebankstiftelse) have separate/additional legislation , regulated financial supervisory authority.

creation

when creating foundation, founder, may physical person or juridical, loses right dispose assets transferred foundation. happens immediate effect , irrevocably. however, foundation law of 2001 presents set of minimum formal demands each creation document has meet.

a foundation required have minimum capital of 100,000 crowns when created.

independence

alike companies , organizations, foundation independent juridical entity. owning itself, foundation distinguishable otherwise similar couter-part, member-governed organisations. neither external nor internal persons have partial ownership of foundation s assets, , such, not receive foundation s profit. foundation may owner, example of companies. may accept obligations , financial commitments, , may subject agreements , processes.

organisation

foundations led board of directors , must follow statute created founder(s).

foundations have wide specter of goals. traditionally foundations based promote idealistic goal, instance of social, humanitarian, religious or educational nature. activity of foundation has been operate passive capital management , pay out return on capital. foundation used other types of activity or perform types of commercial activity. in later years has been increasingly common foundations perform idealist work themselves, become holding companies within fields or research organizations.

scientific research

the recent , broadest scientific research on norwegian foundations presented in publication stiftelser det moderne norge (2010) håkon lorentzen , line dugstad of institute social research.