Anthere wrote:
Ray Saintonge a écrit:
Anthere wrote:
Section 1. POWERS. The powers of the corporation shall be exercised, its properties controlled, and its affairs conducted by a Board of Trustees to be comprised initially of five trustees. All trustees must be active (contributing or volunteer) or life members of the Foundation.
What is the difference between a corporation and a foundation ?
"Corporation" is a broader term that includes "foundation". More generally incorporation is what gives an organization the legal status to be treated as a person. There is some variation in the use of the term "foundation" in various jurisdictions. Here it seems to be used in the sense of a general non-profit corporation that is doing good for the benefit of the community. In other places the use of the term "foundation" is restricted to those organizations whose primary function is the distribution of funds for charitable purposes, often as the result of a large bequest.
Okay. So, I presume we can safely translate it as "association" everywhere
Yes "association" or "société" are both frequently used terms.
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