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Support to non-profit organizations promoting education and human rights through revenues from the Foundation Investment Fund.
Foundation Investment Fund
The Foundation enjoyed contributions from the Foundation Investment Fund in stages 1 and 2.
In stage One, the Foundation obtained 26.186m crowns for the support of education whereas stage Two brought 47.048m crowns for the support of human rights. As agreed in a contract with the National Property Fund, the Foundation bought securities - participation certificates of the Balance Fund of Foundations and of the ®ivnobanka Foundation Fund, and the certificates were registered as part of the Foundation¢s endowment. Revenues from the securities - participation certificates are used to support NGOs involved in the promotion of education and human rights; contributions are allocated in an open grant competition on an annual basis.