About the Foundation

About the Foundation

The NOAM Support Foundation was established in response to a request from the Zurich authorities. It ensures that there is a clear separation between the fund for financial support (which has tax-privileged status), and the school’s normal operating accounts.

Establishment and registration

The Foundation was set up on January 8, 2003, and was entered on the commercial register of the Canton of Zurich on March 3, 2003.

Aims

The purpose of our Foundation is to support families with insufficient means, whose children attend NOAM, through assistance with school fees. The Foundation is a not-for-profit organization.

Tax deductibility

Donations to the Foundation are tax-deductible under the laws of Canton Zurich, and are deductible from federal tax by Zurich taxpayers under decree no. 10193 of the Canton of Zurich.

State supervision

The Foundation is under the supervision of the Canton of Zurich.

Accounts and audit

The Foundation meets all the requirements regarding appropriate use of its funds, including mandatory audits.

Foundation Board

The Foundation Board currently has eight members:

  • Daniel Kertész, President
  • Denise Feldmann, Vice president
  • Francis Blumberg, President and delegate of the NOAM Association
  • Ygal Abergel
  • Paul-Laurent Piwko
  • Fred Rueff
  • Michelle Rosen-Oberman
  • Doron Guggenheim, delegate of the NOAM Association
  • Stefan Wyler
Absolute discretion is assured in all areas.

Investment strategy

The Foundation follows a prudent and conservative investment policy, which aims to preserve the value of the assets in the fund and achieving a reasonable return. The professional experience of many of the members of the Foundation Board is a major advantage in this regard.

Legal advice

If you have any special concerns as a future sponsor that require answers from an experienced lawyer, please contact your own lawyer or our trusted counsel: Fred Rueff, Tel 055 416 26 36 or fred.rueff@rfplegal.ch.