Organization

The organization of the fund is characterized by a way of working that involves no main office and no staff, only three board members, each of whom carries out activities for the foundation from home. This executive board is assisted, in terms of expertise and feedback on concrete matters, by an advisory council.

The assets of the fund are managed under a ‘moderately defensive’ regime. Agreements concerning this have been established in an investment statute. The aim is to preserve the principal and to spend entirely the annual funds made available from the return, although reserves can be set aside for anticipated major expenses.