A private nonprofit organization with funds and a program managed by its own trustees and directors, established to further social, educational, religious or other charitable activities by making grants. A private foundation receives its funds from and is subject to the control of, an individual family, corporation or other groups of limited number.
The Royal Institute Dictionary B.E 2525 (Sixth Edition, B.E. 2539) defines the word “foundation” as “Assets specifically allocated with the objectives to support the public charity, religion, science, literature, education, or any other public interests. Foundation shall not seek any interest to allocate for its members and the foundation must be a registered juristic person in accordance with the Commercial and Civil Code of Thailand”.
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A reminder when you look at #thaistocks today: "Be fearful when others are greedy and greedy when others are fearful" - Warren Buffet.Jul 9, 2021
There's no such thing as entitlement, unless someone has first met an obligation. - Margaret Thatcher #quote… https://t.co/Gb7g40JSuPMay 18, 2021