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1. Transparency - communication and information
2. Professional competence
3. Coorperation with applicants, grantees, stakeholders
4. Evaluation of charitable works
5. Finance
6. Governance
7. Administration - day to day management
Principles for Good Foundation Practice 

Within the framework of the legislation of the foundation, the bye-laws and the intentions of its founder, charitable foundations accede to the following principles dealing with their philanthropic activities:

  1. Transparency – communication and information
  2. Professional competence
  3. Cooperation with applicants, grantees and other stakeholders
  4. Evaluation of charitable works
  5. Finance
  6. Governance
  7. Administration – day to day management

Download a presentation of the seven principles (pdf) >>

About the principles:

The principles are not applicable or relevant for all foundations, and some foundations will fulfil the mission in other ways. Even though the principles are of importance for all foundations, the degree of application will depend on the size of the foundation, its income, complexity and activities, and not least on the restrictions placed on the foundation by its bye-laws and by the intentions of its founder.

Compliance with legislation is an integral part of good foundation
practice, and the principles in no way amount to legal requirements.