Elements
Organization: distribution of those who (people or beings) they participate in the Foundation.
- Founding
- Original Council
- Being Administrator - it can be a legal organization or 3 people natural, designated as a President, Secretary and Treasurer
- Must be named in the Original Act
- Beneficiaries
- Protective, Supervise or Safeguard (Optional)
- Patrimony: goods (movable or immovable) that will be given in property and administration to the Foundation. The minimum patrimony initial is of TEN THOUSAND DOLLARS (USD$10, 000.00).
- Private Interest: Object to benefit a person, family, company, etc.
- Non lucrative Character: its creation does not obey to the intention to obtain gains.
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