What do Funds do? Why set up a Fund?

Private individuals, organisations or companies that want to get involved in social engagement on a particular issue can set up their own foundation. Setting up and managing a foundation does, however, involve a lot of formalities. Setting up a Fund within the King Baudouin Foundation is a flexible approach that does not involve much administration.

A Fund that is managed by the Foundation always pursues an objective that is in the public interest and is, or was, close to the founder’s heart. A management committee is set up for each Fund, including as a minimum (a representative) of the founder, a representative of the KBF and an independent person. The management committee has extensive freedom of action, as long as the Fund continues to work within its mission. Funds can develop their own initiatives or provide financial support to (third party) projects. In the latter case, they can launch calls for project proposals.

The King Baudouin Foundation's Centre for Philanthropy provides expert advice and takes care of administrative and legal management, as well as helping to ensure continuity. The Funds form an integral part of the King Baudouin Foundation, which remains legally responsible for all the transactions and financial undertakings of the Funds.
The King Baudouin Foundation's Centre for Philanthropy provides the Funds with a secretarial service to provide general coordination and day-to-day management.

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