Alapítvány
Alapítvány is the Hungarian word for foundation. In a legal and financial context, an alapítvány is a type of non-profit organization that is established by a founder or founders who commit assets to a specific purpose. These assets are then managed by a board of trustees or a foundation board, with the income generated from these assets used to support the foundation's objectives. The core principle is the segregation of assets from the personal property of the founder, with the foundation operating as a distinct legal entity.
Alapítványok can be established for a wide range of purposes, including charitable, educational, scientific, cultural, artistic,