|
Novartis Foundation
The Novartis Foundation (formerly known as the Novartis Foundation for Sustainable Development) is a non-profit organization and part of the corporate responsibility portfolio of Novartis in Basel, Switzerland. The foundation conducts projects to improve health, mostly in sub-Saharan Africa and in south-east Asia. History The Novartis Foundation has been one of the leading organizations in the private sector for international development for the last 35 years. The humanitarian engagement of the Novartis Foundation goes back to the 1960s, when the Basel-based companies Novartis, Ciba, Geigy, Sandoz, Durand & Huguenin, Hoffmann-La Roche and Lonza Group, Lonza founded the Basel Foundation for Developing Countries. The Basel Foundation, for example, supported the field laboratory of the Swiss Tropical Institute (now known as the Ifakara Health Institute) located in Ifakara, which still works closely with the Novartis Foundation. Today, the Novartis Foundation focuses its work on th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foundation (nonprofit Organization)
A foundation (also a charitable foundation) is a category of nonprofit organization or charitable trust that typically provides funding and support for other charitable organizations through grants, but may also engage directly in charitable activities. Foundations include public charitable foundations, such as community foundations, and private foundations, which are typically endowed by an individual or family. However, the term "foundation" may also be used by such organizations that are not involved in public grantmaking. Description Legal entities existing under the status of "foundations" have a wide diversity of structures and purposes. Nevertheless, there are some common structural elements. * Legal requirements followed for establishment * Purpose of the foundation * Economic activity * Supervision and management provisions * Accountability and auditing provisions * Provisions for the amendment of the statutes or articles of incorporation * Provisions for the dissol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
