Nadace
Nadace is a nonprofit legal form used in the Czech Republic and Slovakia to manage charitable activity and grantmaking. It is typically established by a founder through an endowment and a founding deed, and is dedicated to a publicly beneficial goal, such as culture, education, science, health, social welfare, or environment. A nadace often operates independently from government and commercial entities, but may cooperate with public authorities to support public interests.
Legal framework: In the Czech Republic and Slovakia, nadace are registered organizations governed by specific civil-law
Activities: Primary functions include awarding grants and scholarships, supporting nonprofit organizations, funding research, preserving cultural heritage,
Funding: Endowments and donations are the main sources. A nadace invests its capital to generate income for
Notable aspects: The term is widely used for philanthropic foundations in the region; examples include Open