From the field in East Sumba. Medical care, clean water, prevention and community health where access remains difficult.
Donate
Support Care
Articles & News
Field stories
Glossary
Field guides
Fair Future Foundation Statutes
The official legal framework for our purpose, governance, resources and accountability.
The legal framework of Fair Future Foundation
Purpose, governance, resources and accountability defined by our official statutes
Fair Future Foundation’s statutes define the Foundation’s purpose, organisation and use of resources. They set out the responsibilities of the Foundation Board, the rules for annual accounts and independent review, and the procedures for amendment or dissolution.
The published document was updated on 9 February 2018 and bears a supervisory decision dated 14 February 2018. The summaries below help you navigate it; the official French PDF remains the legal reference.
Articles 1-3
The statutes establish a Swiss private-law foundation governed by Articles 80 and following of the Swiss Civil Code. They record its constitution on 4 February 2009, an indefinite duration and registration in the Canton of Vaud.
Its non-profit, public-benefit purpose covers international humanitarian projects, education, training and support for people in disadvantaged countries. Priorities include children’s essential needs, medical care and prevention, learning opportunities, emergency assistance and support for families in difficulty.
Articles 4-5
The statutes record an initial capital of CHF 50,000. Resources may include donations, legacies, grants, fundraising, income from activities and services, and investment income.
Assets must be managed in accordance with the applicable cantonal rules for foundation investments. Interest may support the Foundation’s purpose; the capital may not be reduced without justification.
Articles 6-12
The Foundation Board is the supreme governing body and has at least three members. The statutes provide for three-year terms with re-election and honorary, unpaid service.
The Board directs the Foundation, allocates resources, prepares accounts and budgets, appoints auditors and determines signing authority. It meets at least annually. The statutes also set rules for appointments, convening meetings, quorum, voting and signed minutes.
Articles 13-17
The financial year runs from 1 January to 31 December. Annual accounts must be approved within six months of year-end and reviewed by qualified auditors who are independent of the Board and management.
The Board submits an annual management report, financial statements and the audit report to the supervisory authority. It may propose amendments to that authority under the voting rules in the statutes.
Dissolution requires approval by four-fifths of all members. Remaining net assets must be allocated under Article 17 to an eligible Swiss public-benefit institution or public authority.
Official statutes
The official French document is the legal reference for the Foundation.
Updated 9 February 2018 · 17 articles · 4 pages
Official legal reference
Updated: 9 February 2018
Decision: 14 February 2018
Document: French PDF
Structure: 17 articles, 4 titles
Swiss private-law foundation
Registered in the Canton of Vaud
