The County Administrative Board registers and supervises most foundations. Here you can find information on laws that apply to foundations as well as links to our E-services relating to foundations.
Most foundations must be registered with the County Administrative Board, which also supervises foundations. Exemptions are foundations whose assets may only be used for the benefit of certain natural persons.
Events in the world have brought with them the need for a greater awareness of the risks associated with terrorist financing.
Fundraising activities, for charitable purposes, for forwarding abroad were in 2014 identified as a high risk area in a national risk assessment of terrorist financing.
One of the County Administrative Board’s tasks is to provide the foundations with support and information. In the administration of a foundation it may be therefore be useful to know about the potential risks.
A board or trustee shall, among other things, make sure that recipients of funds from the foundation use the funds for the right purpose. Foundations may, just as businesses, organizations, and authorities, be used for terrorist financing. Therefore, the County Administrative Boards wish to call for some caution in the management of the foundation.
What can we do to reduce the risk of being used for terrorist financing?
- Obtain good knowledge of your contacts in the receiving country by checking their identity and reputation.
- Have a control system that in detail describes how the funds were used in relation to the purpose, save the information for at least five years.
- Transfer money through known channels and avoid handling cash.
Why is terrorist financing a problem?
Terrorism is such a serious crime that it is not only important to prosecute and punish, but to prevent and stop the crime from being committed.
All information given to the County Administrative Boards may constitute a piece of a puzzle that, as a whole, creates a picture that can be used by the Swedish Police Authority and Security Service to prevent a terrorist crime from being committed.
In the national risk assessment, fundraising foundations was perceived to be particularly vulnerable due to the following reasons:
- the public has great confidence in them
- they have access to funds
- they are cash-intensive
It occurs that money is collected in Sweden and then transferred to support terrorist activities abroad. There are mainly three variants:
- Conscious and deliberate donations where both donors and collectors understand that their funds are being used to support terrorism.
- Collectors who intend to support terrorism but are misleading the donors by providing a false purpose for the fundraiser. In this case, the donors do not understand that their funds are being used to support terrorism.
- The recipient abroad of the collected funds intend to support terrorism but is misleading the fundraising organization in Sweden by providing a false description of its activities. In this case, neither the donor nor the collector understands that their funds are being used to support terrorism.
Why is it particularly important for foundations to act?
It is important to protect foundations from these activities so that the public’s trust for fundraising activities is not eroded and the foundations thereby lose valuable contributions.
How can foundations contribute to counteracting the use of their organization for terrorist financing?
Terrorist financing is a rather unknown phenomenon. Here are some example of occurrences that may pose a risk:
- Fundraising activities for beneficence to countries where there are active terrorist organizations (for example, Sudan, Syria, Eritrea, Iraq, Yemen).
- Fundraising activities for beneficence to countries in the context of natural disasters. Staff on site are working under extremely difficult circumstances, which may impair the control of how the money is being used.
Who should we contact if we detect something suspicious?
Please, contact the County Administrative Board with supervisory responsibility for your foundation to receive support and advice. We can send your information, in the form of a suspicion report, to the Swedish Finance Intelligence Unit.
Register a foundation
Send the registration notification to the County Administrative Board within six months of the formation of the foundation. Foundations engaged in business activities must register before starting any business activities.
The foundation’s board or trustee registers the foundation.
Register real principals
The Act on Registration of Real Principals (2017:631) took effect on August 1st 2017. The law implies that all foundations must notify real principals to the Swedish Companies Registration Office. A real principal is the person (or persons) who ultimately owns or controls a legal person, or the person (or persons) who benefits from someone else acting for them.
You can find information on what needs to be registered, as well as when and how registration should take place, on the Swedish Companies Registration Office’s web site:
Order a registration certificate
Order a registration certificate for a foundation in our E-service. The registration certificate costs 189 SEK.
Submit an annual report
The following foundations are obligated to submit their annual report to the County Administrative Board:
- pension o personnel foundations
- foundations engaged in business activities
- fundraising foundations
- foundations with assets that exceed a market value of 1.5 million SEK.
E-service for registered signatories
Registered signatories can use this e-service to:
- Change registered information about the foundation
- Register an outgoing as well as a new register signatory for the foundation
- Supplement cases
Only registered signatories can use this e-service.
What is a foundation?
A foundation is an independent wealth managed for a specific purpose. A foundation is formed when money is provisioned for a particular purpose through a deed of gift, testament, and board minutes or similar. A board or a trustee is responsible for managing the wealth.
There are five different types of foundations:
- common foundations
- fundraising foundations
- collective agreement foundations
- pension foundations
- personnel foundations.
Search foundations in our foundation database
You can search for existing foundations in our Foundation Database.