I want to close the Charity Fund. What to do with the funds that remained in his account?
I want to close the Charity Fund. What to do with the funds that remained in his account?
In accordance with Article 18 of the Law of Ukraine "On Charitable Activities and Charitable Organizations", the assets remaining during the liquidation of charitable organizations after satisfying the demands of their creditors must be transferred to one or more charitable organizations in accordance with the procedure established by the founding documents, or by court order.
If there are no charitable organizations to which it is possible to transfer assets, they go to the State Budget of Ukraine.