Foundation Articles Of Incorporation Template for Indonesia

Foundation Articles of Incorporation are essential documents required when establishing a non-profit foundation (Yayasan) in Indonesia. This document must be prepared and executed in accordance with Law No. 16 of 2001 on Foundations and its amendment Law No. 28 of 2004. It serves as the foundation's constitutional document, detailing its social, religious, or humanitarian purposes, organizational structure, and operational framework. The Articles must be drafted in Indonesian language and executed before a Notary Public, followed by registration with and approval from the Ministry of Law and Human Rights. The document includes crucial information about the foundation's identity, initial assets, governance structure, and decision-making processes, as well as provisions for asset management, financial reporting, and potential dissolution. It's a legally binding document that governs the foundation's entire lifecycle and must comply with specific regulatory requirements under Indonesian law.

1. Name and Domicile: Foundation's official name, location of headquarters, and legal domicile in Indonesia

2. Purpose, Objectives and Activities: Detailed description of foundation's social, religious, or humanitarian purposes and specific activities to achieve them

3. Initial Assets: Declaration of separated assets as initial foundation capital, including amount and form

4. Organization Structure: Description of the three mandatory organs: Governing Board (Pembina), Management Board (Pengurus), and Supervisory Board (Pengawas)

5. Board Appointment and Dismissal: Procedures for appointing and dismissing members of all foundation organs

6. Rights and Responsibilities: Detailed duties, authorities, and responsibilities of each foundation organ

7. Decision Making: Procedures for conducting meetings and making decisions within each organ

8. Asset Management: Rules for managing foundation assets and limitations on asset distribution

9. Financial Management: Provisions for financial reporting, auditing, and annual report preparation

10. Amendment Procedures: Process for amending the Articles of Incorporation

11. Dissolution: Conditions and procedures for foundation dissolution and asset distribution