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Principles of Good Practice for Charitable Foundations

Danish foundations recognize their duty to support, benefit and advance the development of new, flexible and effective solutions within the field in which they operate, i.e. social, cultural, environmental, educational, scientific, health and economic areas.

The foundations are committed to explain what they do, what they stand for, and how they contribute to the continued development of society.

They acknowledge the need for greater transparency and better information on Danish foundations, elucidating the role played by charitable foundations in relation to social development and increasing awareness and understanding of the importance of the foundation sector.

Seven principles for good foundation practice:
  1. Transparency – communication and information
  2. Professional competence
  3. Cooperation with applicants, grantees and stakeholders
  4. Evaluation of charitable works
  5. Finance
  6. Governance
  7. Administration – day to day management