|About the Foundation / Articles of Incorporation|
St. Cyril and St. Methodius International Foundation
3, Vassil Aprilov Street, Sofia
ARTICLES OF INCORPORATION
We, the representatives of culture, science, education, of business, religious and public circles from different countries who assembled in Sofia on October 20, 1982 and signed this act
INSPIRED by our desire to make our contribution to international cooperation, to educate the young generation in appreciation of intransitive and universal human values and qualities:
IN OUR ENDEAVOR
- to encourage the dissemination of achievements in world culture, education and vocational training;
- to encourage the development of gifted young people by providing equal opportunities depending exclusively on professional abilities and skills;
- to encourage the formation of ecological awareness among the young;
IN COMPLIANCE with our unanimously expressed will
ESTABLISHMENT OF THE FOUNDATION, NAME AND SEAT
/1/ To establish Llyudmila Zhivkova International Foundation renamed on February 24, 1990 St. Cyril and St. Methodius International Foundation (to be referred to further for brevity as the Foundation).
/2/ The Foundation, with its seat at 1504 Sofia, Oborishte region, 3 Vassil Aprilov Street, is an independent international non-governmental and non-profit organization, which aims and activities are to benefit the public.
GOALS AND ACTIVITIES
/1/ The Foundation pursues objectives beneficial to society on an equitable and democratic basis:
/2/ The Foundation achieves its goals through non-profit and economic activities, including to:
/1/ The endowment of the Foundation is constituted by:
/2/ Money, movables and immovables, works of art and objects of cultural value and others may be donated or bequeathed following which they are recorded in a special register.
/3/ Acts of disposal of the principal fund of the Foundation may be undertaken by a decision of the Bureau.
/4/ Expenditures pertaining to the activities and management of the Foundation are covered by its income.
/5/ The Foundation spends the income from its activities exclusively to achieve the goals and to accomplish the activities listed in Article II /1/ and /2/, in connection with Article III /1/ and does not distribute profits.
/6/ A calendar year is considered a fiscal year.
/1/ Governing bodies of the Foundation are: the Council of the Foundation, the Bureau of the Foundation, the Auditing Council, the President and the Secretary General.