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Foundation Articles Of Incorporation

Foundation Articles Of Incorporation Template for Belgium

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Key Requirements PROMPT example:

Foundation Articles Of Incorporation

"I need Foundation Articles of Incorporation for a private scientific research foundation to be established in Brussels by March 2025, with a focus on climate change research and an international advisory board structure."

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Document background
Foundation Articles of Incorporation are required when establishing a new foundation in Belgium, whether public or private. This document is fundamental to creating the foundation's legal identity and must be prepared in accordance with the Belgian Code of Companies and Associations (CCA). It contains essential information about the foundation's purpose, structure, and governance, including details about founders, initial assets, board composition, and operational procedures. The Articles must be executed before a Belgian notary public and subsequently published in the Belgian Official Gazette to give the foundation legal personality. This document is particularly important as it serves as the foundation's constitutional document and reference point for all future operations and governance matters.
Suggested Sections

1. Title and Preamble: Identifies the document as Articles of Incorporation and includes the date and place of execution

2. Founders: Names and details of the founding members establishing the foundation

3. Name and Legal Form: Official name of the foundation and specification of its type (public or private foundation)

4. Registered Office: Official address and judicial district of the foundation

5. Purpose and Activities: Detailed description of the foundation's purposes, objectives, and permitted activities

6. Duration: Statement of the foundation's duration (typically indefinite)

7. Initial Assets: Description of the initial patrimony and assets allocated to the foundation

8. Board of Directors: Composition, appointment procedures, powers, and functioning of the board

9. Daily Management: Provisions regarding day-to-day management and delegation of powers

10. Representation: Rules regarding external representation of the foundation

11. Financial Management: Financial year, accounting requirements, and budget procedures

12. Amendment of Articles: Procedures for modifying the articles of incorporation

13. Dissolution and Liquidation: Provisions regarding dissolution and allocation of assets

14. General Provisions: Reference to applicable law and general compliance statements

Optional Sections

1. Advisory Board: Establishes an advisory board when additional oversight or expertise is desired

2. Scientific Committee: For foundations involved in research or scientific activities

3. Branch Offices: Provisions for establishing and managing branch offices when international or multiple locations are planned

4. Conflict Resolution: Specific procedures for handling internal disputes

5. Ethics Committee: For foundations requiring ethical oversight of activities

6. Membership Provisions: For foundations that wish to have a membership structure

7. Investment Policy: Detailed guidelines for managing foundation investments

8. Grant-Making Procedures: For foundations that will distribute grants

9. Internal Rules Reference: Framework for establishing and modifying internal rules

Suggested Schedules

1. Initial Board Members: List of initial directors with their details and acceptance of positions

2. Initial Assets Detail: Detailed inventory of assets contributed to the foundation

3. Founder Contributions: Specific details of contributions made by each founder

4. Powers of Attorney: Documents delegating powers for establishment procedures

5. Organization Chart: Visual representation of the foundation's governance structure

6. Financial Plan: Initial budget and financial projections for the first two years

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Clauses
Establishment
Name and Form
Duration
Registered Office
Purpose and Activities
Initial Assets
Board Composition
Board Powers
Board Meetings
Representation Rights
Daily Management
Financial Management
Accounting
Conflict of Interest
Amendment Procedures
Dissolution
Asset Distribution
Compliance
Dispute Resolution
Notices
Governing Law
Internal Rules
Delegation of Authority
Appointment and Removal
Voting Rights
Meeting Procedures
Audit Requirements
Reporting Obligations
Publication Requirements
Asset Management
Liability and Insurance
Ethics and Conduct
Relevant Industries

Non-Profit

Education

Healthcare

Arts and Culture

Scientific Research

Environmental Protection

Social Services

Humanitarian Aid

Religious Organizations

Heritage Preservation

Community Development

Sports and Recreation

International Development

Philanthropy

Relevant Teams

Legal

Compliance

Corporate Governance

Executive Leadership

Finance

Risk Management

Corporate Affairs

Strategic Planning

Operations

Administrative

Philanthropy

Relevant Roles

Chief Executive Officer

Board Member

Legal Counsel

Compliance Officer

Foundation Director

Company Secretary

Chief Financial Officer

Governance Officer

Program Director

Risk Manager

Development Director

Philanthropic Advisor

Grant Manager

Operations Director

Strategic Planning Director

Industries
Belgian Code of Companies and Associations (CCA): The main legislative framework governing legal entities in Belgium, including foundations. It contains specific provisions about the establishment, governance, and operation of foundations.
Book 11 of the CCA on Foundations: Specific section of the CCA dealing with foundation-specific requirements, including mandatory content of articles of incorporation, governance structure, and dissolution procedures.
Belgian Civil Code: Contains general provisions regarding legal personality, contracts, and obligations that apply to foundations.
Belgian Tax Code: Regulations regarding tax obligations and potential tax benefits for foundations, particularly relevant for determining the foundation's tax status.
Royal Decree of 8 July 2014: Specific regulations regarding the registration and publication requirements for foundations in the Belgian Official Gazette.
Belgian Non-Profit Association Law: While specifically for non-profit associations, some principles apply to foundations, especially regarding public benefit purposes and governance.
Anti-Money Laundering Law of 18 September 2017: Regulations regarding transparency of ownership and control of legal entities, including foundations.
EU General Data Protection Regulation (GDPR): Must be considered for privacy and data protection provisions in the articles, especially if the foundation will handle personal data.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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