Private Foundations.pdf - Mossack Fonseca & Co.
Private Foundations.pdf - Mossack Fonseca & Co.
Private Foundations.pdf - Mossack Fonseca & Co.
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APPENDIX #4<br />
FOUNDATION CHARTER<br />
OF THE<br />
PRIVATE FOUNDATION<br />
NAMED<br />
__________________________________<br />
The undersigned, ________________________________________________________, with<br />
domicile at<br />
________________________________________________________________________________,<br />
acting as Founder(s) in accordance with the provisions of<br />
____________________________________ hereby establish(es) a <strong>Private</strong> Foundation, a juridical<br />
person governed by the laws of __________________________________, having the following<br />
characteristics:<br />
FIRST: NAME.<br />
The name of the FOUNDATION is ___________________________________________________.<br />
SECOND: INITIAL PATRIMONY.<br />
The initial endowment of the Foundation shall be TEN THOUSAND DOLLARS (US$10,000.00),<br />
legal currency of the United States of America. Sums of money or other assets may be added to the<br />
Foundation’s assets from time to time by the Founder(s), the Foundation <strong>Co</strong>uncil or third parties.<br />
Transfers of assets to the Foundation’s assets may be effected by way of a public or private<br />
document. The Foundation’s assets are exclusively reserved for the purposes mentioned in the<br />
present Foundation Charter, and the Foundation <strong>Co</strong>uncil may therefore not dispose of such assets in<br />
any manner differing from or contrary to that established in the present Foundation Charter or the<br />
Regulations thereof.<br />
The Foundation shall be irrevocable for its Founder(s).<br />
YA/Pub./10.2007
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