LAW OF UKRAINE

of July 5, 2012 No. 5073-VI

About charity and charitable organizations

This Law determines the general principles of charity in Ukraine, provides legal regulation of the relations in society aimed at the charity development, approval of humanity and mercy provides favorable conditions for education and activities of charitable organizations.

Section I General provisions

Article 1. Determination of terms

1. In this Law terms are used in such value:

1) the beneficiary - the acquirer of the charitable help (physical person, the non-profitable organization or territorial society) who receives the help from one or several philanthropists for goal achievement determined by this Law.

Any legal entities who receive the help for goal achievement, determined by this Law can also be beneficiaries of charitable organizations;

2) charity - the voluntary personal and/or property help for achievement of the purposes determined by this Law which does not provide receipt of profit by the philanthropist, and also payments of any remuneration or compensation to the philanthropist from name or at the request of the beneficiary;

3) charitable organization - the legal entity of private law which constituent documents determine charity in one or several spheres determined by this Law as main objective of its activities;

4) the charitable program - complex of charitable actions in the spheres determined by this Law;

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