Foundations are an important part of the third sector of the economy. Their main task is to pursue socially or economically useful objectives. To a limited extent, they also have the possibility to carry out economic activities. However, the status of foundations is specific, hence the frequent doubt that arises on the part of the founder regarding the processing of personal data. Can foundations process personal data and how should they protect it?

Foundations, like associations, are entities belonging to the so-called NGO’s (Non-Governmental Organisations) sector. Their primary objective is to achieve socially useful goals. Can this legal form be used to make money, and if so, under what conditions?

In Poland in 2022 there will be just over 100,000 non-profit organisations, although these statistics change quite significantly from year to year. When the activity of such an entity turns out to be unprofitable or loses its purposeful justification, its members should decide to liquidate the foundation. What does the liquidation of a foundation look like step by step?