alapítványt

Alapítványt is the Hungarian word for foundation. In Hungarian law, an alapítvány is a legal entity established by a founder or founders for a specific public benefit purpose or for private benefit. Foundations are typically established with initial assets, which are then managed by the foundation's trustees to fulfill its stated objectives.

The establishment of an alapítvány requires a deed of foundation, which outlines the purpose, the initial assets, and the management structure. This deed must be registered with the relevant court to grant the foundation legal personality. Foundations can be established for a wide range of purposes, including education, healthcare, culture, social welfare, environmental protection, and scientific research. They can also be established for private benefit, such as for the support of specific individuals or families, though public benefit foundations are more common.

The governing body of an alapítvány is typically a board of trustees or curators, responsible for the foundation's administration, investment of assets, and distribution of funds according to its charter. Foundations are generally required to operate transparently and may be subject to reporting and auditing obligations. They can receive funding from various sources, including donations, grants, and income generated from their assets. The legal framework for foundations in Hungary is primarily governed by civil law.