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Foundation Articles Of Association Template for Denmark

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Key Requirements PROMPT example:

Foundation Articles Of Association

I need Foundation Articles of Association under Danish law for establishing an educational research foundation by March 2025, with an initial capital of 5 million DKK and a board structure consisting of 7 members, including representation from Danish universities.

What is a Foundation Articles Of Association?

Foundation Articles of Association are essential founding documents required under Danish law when establishing a foundation (fond). These articles serve as the constitutional framework that defines the foundation's purpose, structure, and operations. The document must comply with the Danish Foundation Act and, where applicable, the Commercial Foundations Act. It is required when registering a new foundation with the Danish Business Authority (Erhvervsstyrelsen) and contains crucial information about initial capital, governance structure, board composition, and distribution policies. The Articles of Association are particularly important as they cannot be easily modified after establishment without regulatory approval, making their initial drafting critical for the foundation's long-term operations.

What sections should be included in a Foundation Articles Of Association?

1. Name and Registered Office: The foundation's official name and location of its registered office

2. Purpose and Activities: Detailed description of the foundation's objectives and permitted activities

3. Foundation Capital: Details of initial capital, including amount and form of assets

4. Board of Directors: Composition, appointment process, terms, and qualifications of board members

5. Board Meetings: Procedures for convening meetings, voting rules, and decision-making processes

6. Powers and Duties of the Board: Scope of board authority and responsibilities

7. Financial Management: Rules for managing foundation assets and making distributions

8. Annual Reports and Auditing: Requirements for financial reporting and external auditing

9. Amendments to Articles: Procedures for modifying the articles of association

10. Dissolution: Procedures and requirements for dissolving the foundation

What sections are optional to include in a Foundation Articles Of Association?

1. Advisory Board: Structure and role of an advisory board, if established

2. Beneficiary Selection Criteria: Detailed criteria for selecting grant recipients or beneficiaries

3. Investment Guidelines: Specific rules for investment of foundation assets

4. Conflict of Interest Provisions: Detailed procedures for handling conflicts of interest

5. Executive Management: Rules regarding appointment and powers of executive directors

6. Branch Offices: Provisions for establishing and managing branch offices

7. Special Rights or Restrictions: Any special provisions relating to founder's rights or restrictions

What schedules should be included in a Foundation Articles Of Association?

1. Initial Board Members: List of first board members with their details and terms

2. Initial Foundation Assets: Detailed inventory of initial capital and assets

3. Deed of Foundation: Original founding document if separate from articles

4. Grant-Making Policies: Detailed procedures and criteria for grant-making

5. Board Rules of Procedure: Detailed rules governing board operations and procedures

Authors

Alex Denne

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

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Relevant Industries

Non-Profit

Charitable Organizations

Education

Research

Healthcare

Arts and Culture

Environmental Conservation

Social Services

Family Offices

Corporate Philanthropy

Religious Organizations

Sports and Recreation

Commercial Enterprises

Relevant Teams

Legal

Compliance

Finance

Administration

Governance

Corporate Secretariat

Philanthropic Services

Grant Administration

Investment Management

Regulatory Affairs

Relevant Roles

Foundation Director

Board Member

Legal Counsel

Compliance Officer

Chief Financial Officer

Foundation Administrator

Grant Manager

Investment Manager

Executive Director

Company Secretary

Philanthropic Advisor

Trust Officer

Regulatory Affairs Manager

Industries






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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