What is the Foundation?

What is the Foundation? It is possible to reduce the word, which means the continuous stop of anything, to the basic meaning of 3. It can be defined as a formally established community by providing various conditions and requirements in order to ensure that a service or activity that is being done or is being carried out also exists in the future. Another definition is the financial opportunities and management of individuals. The last definition refers to organizations that can be established by many individuals and aim to work for the benefit of the society.

Foundation of foundations; foundations can be established by defining many different purposes. During the establishment process, natural or legal persons may establish foundations. It can be established by a single person or by a founder. Foundations can be explained in line with official promissory notes or death-related savings. While foundations acquire legal personality, they are acquired by being registered in the registry to be kept in the court in the settlements where the foundations are established. Although assets are a community of goods, they can be members.

Briefly; foundations are a collection of goods, as well as one or more persons. Although it is sufficient to establish it under registration, foundations have the capacity to act. Foundations, which may also engage in commercial activities; It is supervised by the General Directorate of Foundations.

Foundations in history; Although its history dates back to ancient times, foundations are generally widespread in Ottoman Empire culture. After the establishment of the Republic, the foundations continued without diminishing their assets. 5 June As for 1935, the General Directorate of Foundations established by law was established. Foundations are supervised by this institution.

Objectives; foundations aim at helping and solidarity across society. According to their activities, foundations aim to support people who are economically weak.

Service areas; foundations operate in many fields such as belief, field, education, material and spiritual, economic.

Bodies that make up foundations; as in many institutions, foundations need to have various organs in order to be established and show continuity. Foundations have two essential organs and two optional organs. The first one has mandatory bodies consisting of the board of trustees, the board of directors as well as the board of directors. In addition, solidarity and honor boards are the optional boards of foundations.

Termination of foundations; an established foundation ends spontaneously when it becomes incapable of achieving its goals or becomes unchangeable. It is then deleted from the register by a court decision. After the end of a foundation, after the debts of the foundation have been removed, the remaining goods or rights are transferred to other foundations which have similar objectives to the objectives of the end of the foundation. The termination of foundations is not only about these elements. A foundation is also terminated if it is determined that it aims or pursues a forbidden purpose or is forbidden after the foundation of the foundation. The assets of these foundations, which were closed by court decision, are transferred to the related legal entity.

Foundation week; 1985 - 3 December dates are celebrated for this purpose every year after 9.