In Austria, there are different legal regulations for foundations. On the one hand, there are foundations under the Private Foundations Act (PSG), on the other hand under the Federal Foundation and Funds Act (BStFG) and foundations under 9 provincial Foundation and Fund Acts (LStFG) in addition to a number of specific legal bases, such as for the National Foundation for Research, Technology and Development (FTE). 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. Of those mentioned in the above table, it can be assumed that there are 434 foundations according to the BStFG and LStFG acts, and 333 privately designated foundations who fulfill and support charitable activities.