Article 19. Formation of endowment capital (endowment) Law on Charity - Excluded by the Law of the Republic of Kazakhstan dated June 30, 2025 No. 200-VIII SAM.

Home / RLA / Article 19. Formation of endowment capital (endowment) Law on Charity - Excluded by the Law of the Republic of Kazakhstan dated June 30, 2025 No. 200-VIII SAM.

1. Endowment capital (endowment) is formed by a charitable organization by forming assets in the national currency of the Republic of Kazakhstan or in foreign currency on the basis of an agreement (agreements) for the management and (or) lease of objects of charitable donation, donation, bequest in accordance with the norms of the civil legislation of the Republic of Kazakhstan.

2. The formation of endowment capital (endowment) at the expense of movable and immovable property, as well as land plots, is based on their market value in the national currency of the Republic of Kazakhstan.

3. Replenishment of the endowment capital (endowment) is carried out at the expense of dividends (income, remuneration (interest) received on shares, bonds, other securities and deposits owned by charitable associations.

4. If the endowment exceeds the amount of one hundred million tenge, the charitable organization transfers the trust management of the endowment to the management company.

5. The management of the endowment capital (endowment), amounting to less than one hundred million tenge, is carried out by the management body of the charitable organization, authorized to do so by the constituent or internal documents of the organization.

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.

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