Endowment Funds

Endowment Fund Definition

Endowment Fund

An endowment fund is a financial asset, in the form of donations, that is invested to produce income for a non-profit organization. The principal amount remains intact while the generated investment income is used to support the organization’s ongoing operations or specific programs.

Required Documents

Identification Document:
A valid identification document of the natural person who will manage the endowment fund payment account:
- Identity card (both sides)
- Passport
- Residence permit (both sides)
- Driver’s license (card format, both sides)
Authorization Document:
An official document certifying that the identified natural person is authorized to represent the endowment fund and manage the payment account.
Articles of Association:
The dated and signed Articles of Association of the endowment fund holding the payment account.
Meeting Minutes:
A copy of the minutes from the last general meeting or the list of board members of the endowment fund, issued within the last 12 months.

Crowdfunding Only

A document describing the project in detail if the account holder is the project leader.