Country profile
Austria
Definition
Public benefit foundations can be established under the Federal Foundations and Funds Act (BSTFG – Bundesstiftungs- und Fondsgesetz 2015) and by provincial legislation. According to the Federal Foundations and Funds Act, foundations are legal entities established upon the irrevocable transfer of assets that are used for public benefit or benevolent purposes. Private foundations can either act as family offices or exclusively or additionally define public benefit purposes.
Austria’s philanthropy profile
€70 billion
Pool of assets
€21 million
Total expenditure
No data
Total employment
Austria’s foundations
769
foundations
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