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.
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.
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.
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.
The Foundation Board currently has eight members:
Daniel Kertész, President
Denise Feldmann, Vice president
Thomas Wyler, President and delegate of the NOAM Association
Absolute discretion is assured in all areas.
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.
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 firstname.lastname@example.org.