Your fund - Structure
> you choose the level of involvement
There are two main stages when setting up a fund:
- A meeting with a member of the Foundation to clearly define the donor's expectations and foresee the appropriate structure
- A contract validating the terms of the agreement, the most important being: the designation, purpose and duration of the fund, the composition of the management committee, the roles of each party, the management and financing of the fund, and the allocation of resources.
Governance of the fund is entrusted by contract to a body called the Management Committee (that includes the donor or minimum 1 representative appointed by the donor). Decisions are taken by majority rule, even if the Foundation Board retains the high surveillance over the decisions of the management committee which shall always comply with the goals of the Foundation.