Article 11. Founders of the Endowment Fund of the Law on Endowment Funds and Endowment Funds (Endowments)

Home / RLA / Article 11. Founders of the Endowment Fund of the Law on Endowment Funds and Endowment Funds (Endowments)

1. The founders of the endowment fund are individuals and (or) legal entities.

2. Property contributed and transferred by the founders to the endowment fund under a donation, donation, endowment, or bequest agreement(s) should not be burdened with the rights of third parties.

3. The founders of the endowment fund are required to provide complete and reliable information about the assets transferred to the endowment fund on its official Internet resource, as well as to ensure their transfer to the ownership of the endowment fund.

The Law of the Republic of Kazakhstan dated June 30, 2025 No. 199-VIII SAM.

This Law regulates public relations that arise during the creation, management and liquidation of endowment funds, the formation, replenishment, and dissolution of endowment funds (endowment funds) and the use of their investment income, and the trust management of assets of endowment funds (endowment funds).

President

Republic of Kazakhstan

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