COMMON-BENEFIT PURPOSES
Benefit to the general public such as in a charitable, religious, humanitarian, scientific, cultural, moral, social, sporting or ecological sense.
The Foundation Supervisory Authority (STIFA)
The Foundation Supervisory Authority (STIFA), a division of the Office of Justice, has supervised common-benefit foundations (also referred to as public-benefit or non-profit foundations) since 1 April 2009. Private-benefit foundations may also elect to place themselves under STIFA supervision.
STIFA ensures that foundation assets are managed and appropriated in accordance with their purposes. Where necessary, it applies to the court for appropriate measures. It is authorised to verify the accuracy of notifications of formation and amendment in the case of foundations not entered in the Commercial Register.
