{"id":6,"date":"2021-07-27T12:40:23","date_gmt":"2021-07-27T10:40:23","guid":{"rendered":"https:\/\/lottstift.stage.dekodes.no\/en\/?page_id=6"},"modified":"2025-04-16T10:00:05","modified_gmt":"2025-04-16T08:00:05","slug":"foundations-in-norway","status":"publish","type":"page","link":"https:\/\/lottstift.stage.dekodes.no\/en\/foundations-in-norway\/","title":{"rendered":"Norwegian foundations"},"content":{"rendered":"<?xml encoding=\"UTF-8\"><p>Norway, with its population of around five million people, has around 6,385 foundations.  About 802 of them are business foundations, while the rest are so-called non-profit foundations established for a wide range of purposes. Norwegian foundations are regulated by the Foundations Act.<\/p>\n\n\n<?xml encoding=\"UTF-8\"><h2 class=\"wp-block-heading\" id=\"h-self-owned-legal-entities\">Self-owned legal entities<\/h2>\n\n\n<?xml encoding=\"UTF-8\"><p>A foundation is an entity with a legal basis in a gift or similar, placing an object of economic value, most commonly money, to be used for a defined purpose, included but not limited to ideal, humanitarian, social, educational and economic activities.<\/p>\n\n\n<?xml encoding=\"UTF-8\"><p>Foundations are self-owned legal entities, with the power to enter into contracts with third parties, and be a party in legal actions before the courts and official authorities.<\/p>\n\n\n<?xml encoding=\"UTF-8\"><h2 class=\"wp-block-heading\" id=\"h-norway-promotes-foundations\">Norway promotes foundations<\/h2>\n\n\n<?xml encoding=\"UTF-8\"><p>According to the annual accounts (2021), the equity capital of Norwegian foundations stood at NOK 220 billion, approximately EUR 20 billion. However, the total value managed by foundations is much higher than this. The Norwegian government regards foundations as a good long-term form of ownership. Politicians therefore wish to promote the use of foundations across society.<\/p>\n\n\n<?xml encoding=\"UTF-8\"><h2 class=\"wp-block-heading\" id=\"h-the-foundation-register\">The Foundation register<\/h2>\n\n\n<?xml encoding=\"UTF-8\"><p>All foundations are now <a href=\"https:\/\/www.stiftelsesregisteret.no\/\">registered in<em> Stiftelsesregisteret<\/em><\/a>. This register enables the public, the foundation themselves, scientists, politicians, the media and others to retrieve information on Norwegian foundations.<\/p>\n\n\n<?xml encoding=\"UTF-8\"><p><\/p>\n\n\n<?xml encoding=\"UTF-8\"><p><\/p>\n\n\n<?xml encoding=\"UTF-8\"><p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norway, with its population of around five million people, has around 6,385 foundations. About 802 of them are business foundations, while the rest are so-called non-profit foundations established for a&#8230;<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"teft_cards_image_id":0,"teft_cards_image_focal_point_x":0,"teft_cards_image_focal_point_y":0,"teft_cards_title":"","teft_cards_excerpt":"","hide_page_title":false,"show_date":false,"hide_featured_image":false,"footnotes":""},"class_list":["post-6","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Norwegian foundations - lottstift EN<\/title>\n<meta name=\"description\" content=\"A foundation is an entity with a legal basis in a disposition. 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