Article 18. Property of a charitable organization, sources of property formation The Law on Charity

Home / RLA / Article 18. Property of a charitable organization, sources of property formation The Law on Charity

1. A charitable organization owns property acquired in accordance with the legislation of the Republic of Kazakhstan.

2. The property of a charitable organization is formed at the expense of:

1) income of the founder(s);

2) charitable donations, property contributions, donations, bequests, investment income from asset management of the endowment fund (endowment capital) provided by individuals and (or) legal entities, as well as other charitable organizations;

3) proceeds from charity auctions and tenders for the sale of property received from benefactors;

4) dividends (income, remuneration (interest) received on shares, bonds, other securities and deposits owned by charitable organizations;

5) charitable assistance to foreigners, stateless persons, as well as foreign and (or) international charitable organizations;

6) other receipts not prohibited by the legislation of the Republic of Kazakhstan.

3. The property of a charitable organization may not be used to support political parties, trade unions, and election funds.

4. The property of a charitable organization or part of it is not the subject of a pledge.

The Law of the Republic of Kazakhstan dated November 16, 2015 No. 402-V SAM.

This Law regulates public relations arising in the field of charity.

President

Republic of Kazakhstan

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