Fundación Reina Sofía

Article 11.-

The Foundation’s assets may be all types of goods, furnishings, property, investments and rights.

The Foundation’s assets shall be made up by:

1. The initial endowment made by its Founder, and all further contributions of the same nature.
2. All contributions made at any time by any natural person or legal entity, national or foreign, who feel identified with the Foundation’s aims.
3. All grants, donations, legacies or subscriptions received by the Foundation under any concept or title.
4. The goods acquired by the Foundation by any legal means.
5. All products, profits or incomes from the Foundation’s assets and investments.

Article 12.-

The Foundation may freely make “all types of investments” in order to get a better profit from its assets within the normal limits of a healthy and wise management, whose expenses may not exceed the legal limits.

The Foundation may not be forced to invest its assets in any special sort of securities or titles, public or private, not even in those issued by the State or the Public Administrations for welfare purposes, even if they are similar to those of the Foundation, unless the Board freely agrees to do so.

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