Encyclopedia
Target Capital
Target capital is a portion of the property of a non-profit organization that is formed and replenished from donations made in accordance with the purposes and procedures provided for by this Federal Law, and (or) from property received by will, as well as from unused income generated from the management of such property, which has been transferred by the non-profit organization to a managing company for management purposes in order to generate income used for financing the statutory activities of such non-profit organization or other non-profit organizations, in accordance with the procedures established by this Federal Law1.
Federal Law No. 275-FZ dated December 30, 2006 "On the Procedure for Forming and Using Target Capital of Non-Profit Organizations", as amended on July 31, 2020, Article 2, Subparagraph 1 // RSZ RF. 2007. No. 1. Art. 38. ↩