In the seventies of the XX century, after a long break caused by the wars, the interest in endowments, foundations and funds revived. The real momentum came with the adoption of the Law on Endowments, Foundations and Funds (1972), and later with the adoption of the newer Law on Endowments, Foundations and Funds from 1989.
Thus, endowment received confirmation of its great social significance and role in culture, education, science and society as a whole. These legal acts regulate the basic issues of organization and work of endowments: who establishes them, how they are managed, how the funds of endowments are used, etc., also regulates the issues of registration of endowments, supervision of legality and publicity of their work. The law defines the status and work of endowments, and their property has acquired the character of social property.
Writers in the foreground
The 1989 Law on Endowments, Foundations and Funds sets out the conditions for establishing an endowment, foundation and fund; the purposes for which they are established, the management of the endowment, foundation and fund and the conditions and manner of termination of their existence. It was explicitly determined that the endowment, foundation and fund be established in order to help creativity and achieve humanitarian and other socially useful goals. It was also determined that the endowment, ie the fund is founded by natural persons, while the foundation and the fund are founded by legal entities. The possibility was also given that several founders could establish an endowment, foundation or fund.
The end of the 20th century enriched us with a special kind of endowment, which contributed to the development of literature and journalism – wrote Slavko Vejinović, after many years of research. Endowments of great Serbian writers have been established, whose work greatly influences the movement in the field of culture, literature and journalism. Such are the endowments of Ivo Andrić, Miloš Crnjanski, Branko Ćopić and Desanka Maksimović, the Dragojl Dudić Foundation, the Borislav Pekić Foundation and the Njegoš Foundation.
The founding of Vuk’s endowment in 1987, which is a foundation in its form, gave special encouragement to many organizations and individuals, noble people, endowment holders and benefactors to do good deeds, do good deeds by founding new endowments and developing endowments.
Under public scrutiny
On November 23, 2010, the Serbian Parliament adopted the Law on Endowments and Foundations, which regulates the establishment and legal status of endowments and foundations, property, internal organization, entry and deletion from the register, activities, status changes, supervision of endowments and foundations. termination of employment and other issues relevant to their activity.
Endowments and foundations are defined as non-profit non-governmental organizations, which are established voluntarily and which are independent in determining their goals. In addition, the endowment is defined as a legal entity to which the founder intended the property, at least 30,000 euros in dinar equivalent, in order to achieve a public benefit or private interest. A foundation is a legal entity without basic assets, and it is also established for the purpose of achieving a public benefit goal. The law clearly states that the goals and activities of endowments and foundations must not be in conflict with the legal order, and must not be aimed at achieving the special interests of political parties.
Endowments and foundations do not pay taxes on the funds they receive (voluntary contributions, gifts, donations, financial subsidies, legacies, etc.), but they are obliged to make their annual work reports available to the public. As Slavko Vejinović researched, it is to be expected that this new law will make it easier for citizens and legal entities to establish endowments and foundations, and it is a great advantage that there are no additional costs for existing endowments, foundations and funds, citizens or the economy.
A modern textbook
Vuk’s endowment has been publishing the Serbian folk illustrated calendar – entertainer “Danica” for 18 years, in the spirit of the best traditions of Vuk’s calendar of the same name – entertainer, which was published in Vienna at the beginning of the 19th century (1826-1829 and 1834) in his “Danica” Vuk published the most beautiful pages about the First Serbian Uprising, the lives of heroes and the most prominent people in those turning points historical events. He richly illustrated the description of insurgent Serbia and the life of the people with folk songs and stories, in which he revealed the essence and all the beauty of the Serbian folk language.
Vuk’s endowment renewed its work as a non-governmental, independent folk institution that deals with all areas of folk life and creativity, in the spirit of the lasting values of Vuk’s work. On July 16, 1987, its founders signed a special agreement on the establishment of the Vuk Endowment. In 2007, Vuk’s endowment marked a significant jubilee: twenty years since the renewal of work (1987-2007). The initiative for the renewal of the Endowment came from the committee for marking the 200th anniversary of the birth of Vuk Stefanović Karadžić, which consisted of representatives of the Serbian Academy of Sciences and Arts and other most important scientific, educational and cultural organizations and institutions in Serbia. All of them later became the founders of Vuk’s endowment. The first session of the Assembly of the Vuk Endowment was held on November 6, 1987 at the Kolarac People’s University in Belgrade. More than 500 founders and co-founders, trustees, endowments, representatives of many associations, institutions and guests of the Endowment participated in the work of the Assembly.
Tomorrow – Endowment among Serbs – Virtue of a National Being (29): Branches all over the world
Source: Vesti online by www.vesti-online.com.
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