Associations and foundations are two key figures in the field of non-profit entities. Besides, there are non-formal groups of civil or collective character that constitute another way to channel cultural initiatives in specific communities (neighbourhoods, groups by interests or activity, etc.).
Non-profit entities are an excellent way to invest in art and culture and develop projects in the sector.
The fundamental advantage of associations and foundations is that they have a legal personality, so they can act in the field of law with complete autonomy. At the same time, their regulation is less formal than in the case of companies of a commercial nature, so that they are easier to set up and manage by their own active members. However, it is necessary to know that there is a specific legal regime, which will help to avoid mishaps.
On the other hand, non-profit entities often arise from the desire to implement proposals centred on a specific cultural area, such as managing the artistic heritage of its founder, the performance of activities of cultural promotion, or channelling aid for initiatives of cultural, social or scientific content, among many other purposes.
The public authorities are aware that non-profit organisations contribute to the social and cultural enrichment of individuals and groups involved in their activities. In addition, on many occasions, they are the seeds of long-term projects that consolidate over time, as with many foundations that end up serving to manage artistic, bibliographic and archival funds, which, by law, must be accessible to the public. This translates into the ability to qualify for public aid to finance their activities and to have a more favourable tax regime.
Are you thinking of creating an association or a foundation?
► Steps and requirements in the constitution of an association or foundation
► Differences between associations and foundations
► Tax benefits for non-profit entities
► Choosing the right organisation according to the type of activity
► Hiring within a non-profit entity
► Tax obligations
► Registration formalities
► Management models and operational structure
► Possibilities and rules on eligibility for public aid
► What are the foundations and associations declared of “public interest”?