According to the Bulgarian Non-profit Legal Entities Act two types of non-profit organisations are recognised: associations and foundations. Associations are the organisations that are membership-based and established by three or more persons united for performing activities that pursue non-profit objectives. Foundations are property-based and created by a unilateral deed of establishment granting without compensation property for attainment of non-profit purpose. There is another difference between the NPOs depending on the goals they serve: the public or private benefit.
Bulgaria’s philanthropy profile
Pool of assets