Ways of Financial Support

1. Gift agreement

Written agreement is a usual way of making donations to the Ekopolis Foundation. Purpose of the donation can be specified by the agreement.

Your donation can be used to support e.g.:

• Specific purpose, e.g. reconstruction of public spaces in particular city or direct support of a particular program of the Foundation, e.g. Alternatives to Nuclear Energy Program etc.
• Endowment of the Ekopolis Foundation. By donating to the endowment you help us to build our own capital which yields will be spent in harmony with the mission of the Ekopolis Foundation. The endowment resources have to be saved; only the yields produced by the capital can be spent/distributed. The amount of this long-term asset has reached 723,700 mil. EUR in 2004.
• Existing fund that has been established within the Foundation. E.g. Tatra Fund or Active Citizen Fund. Funds represent financial resources with specific rules of management.
  

2. Establishment of a new Foundation’s Fund

Establishment of a new fund within the Foundation remains building „a small foundation“ without the exhausting administrative process required in the case of legislation. (e.g. without the obligation to invest first 200.000 SKK/5.120 EUR to the endowment as the law dictates in Slovakia.)

The established Fund can be named according your wishes (e.g. Horak Family Fund for Scouts in Central Slovakia by the Ekopolis Foundation).

The contract between the donor and the Foundation defines the purpose of the fund, financial management, decision making process (e.g. you can nominate particular individuals to the Fund’s Committee or stipulate your approval on money expenditures) and honorary for management (% from the annually managed resources).

No later than 15 days after signing the contract on the Fund’s establishment, it will be registered by the Ekopolis Foundation in the database of the Ministry of Interior. Its resources will be recorded in our accounting separately to secure transparency and perspicuity. The fund’s resources are protected against liquidation and misusage by the Slovak legislation.

Note:
The Foundation’s Fund can be capital that means just annual yields can be used, the amount of the fund remains the same, or non-capital  that means that the fund’s resources  will be distributed in the form of grants according to the agreed rules. In the case of management of a capital fund, the investment policy of the Ekopolis Foundation is applied.