Which conditions must be met by Public Benefit Organisations?

Institutions must meet the following conditions to be designated as a Public Benefit Organisation (PBO).

  • The institution is not a company with capital divided into shares, a cooperative, a mutual insurance society or another body that may issue participation certificates.
  • At least 90% of the institutions efforts must be focused on the general good. This is referred to as the 90% requirement.
  • The institution and the persons directly involved in the institution must comply with the integrity requirements.
  • A director or person determining the policy may not treat the institutions assets as personal assets. The assets must be segregated.
  • A PBO may not retain more assets than reasonably required for the institutions work. For this reason the institutions assets must remain limited.
  • The directors’ remuneration must be restricted to an expense allowance or a minimum attendance fee.
  • A PBO must possess an up-to-date policy plan.
  • The PBOs costs must be in reasonable proportion to its expenditure.
  • Funds remaining after the dissolution of the institution must be allocated to a general good objective identical to the institutions objective.
  • A PBO is governed by specific administrative obligations.

Please note!

As of January 1st 2014 an ANBI (Public Benefit Organization) must publish a number of particulars on an internet site. This is a new condition for an ANBI as of January 1st 2014.

 

Javascript is disabled in this web browser. You must activate Javascript in order to view this website.