STATUTE OF THE UNIVERSITY OF WARSAW FOUNDATION
The Foundation set up by the Rector of the University of Warsaw, professor Grzegorz Białkowski, by the foundation act of May 12th, 1988 (No. A-IV-5704/88 of the State Notary’s Office) operates according to the bill from April 6th, 1984 on foundations (Dz. U. No. 46 of 1991, p. 203 with later changes) and according to the present statute. It bears the name the University of Warsaw Foundation, henceforth called the Foundation.
The Foundation operates within the territory of the Republic of Poland. The seat of the Foundation is Warsaw.
The period in which the Foundation carries out its activity is of unlimited duration.
The primary goal of the Foundation is financing:
- the material assets of the University of Warsaw, especially advanced equipment, books and magazines;
- the development of the academic faculty;
- the University’s own academic research.
These goals are pursued especially by:
- acquiring advanced equipment, books, library collections, magazines and electronic publications and transferring them for ownership or use of the University of Warsaw (including its regional branches or agencies);
- equipping research stations and laboratories of the UW or creating such stations to support research units or for the use of the UW’s faculty;
- financing the research of the UW’s faculty if it is not financed from other sources;
- granting domestic and foreign scholarships the best UW’s scholars (especially for younger faculty);
- financing conferences, symposia and academic meetings related to all fields of the UW’s activity;
- financing academic exchange of eminent scholars and specialists;
- financing academic publishing related to the activity of the UW;
- supporting the development of the UW’s social basis by building and acquiring rest homes, creative work centers, etc. for the use of the UW’s faculty and students;
- supporting the development of the UW’s material basis by constructing or renovating buildings for the UW;
- providing financial support for research activities of student associations at the UW;
- financing or supporting research and cultural activity of the UW organizational units and students;
- financing or supporting NGO’s which aim to support the UW’s material basis and faculty;
- financing and supporting other public institutions which support the University in the fields listed in the points 1-11;
- providing financial support for the popularization of sciences by the UW organizational units and students;
The Foundation’s Board of Directors can secure funds within the Foundation’s budget for the pursuit of particular goals of the Foundation.
If the Foundation obtains shares in State Treasury companies, it will allot the income generated from these shares to finance the development of the UW’s infrastructure which directly serves scientific and educational purposes.
The activity described in § 4 and § 5 is conducted free of charge.
In order to pursue its goals, the Foundation can cooperate with other foundations and domestic or foreign organizations, and enter agreements and contracts with them within this cooperation.
The governing bodies of the Foundation are:
- Board of Directors
- Revision Committee
The governing bodies of the Foundation shall be indicated by the UW Senate for a period corresponding to the term of the Senate (but the term of office of the Foundation’s bodies expires 3 months later than the term of the Senate).
For important reasons, the Senate can dismiss a member of the Board of Directors before its term expires. New members of the Board of Directors can be also appointed in event of death or resignation of a member of the Board or the Revision Committee.
The Board of Directors is composed of 5 to 9 members, including the President of the Board of Directors indicated by the Senate. A member of the Board of Directors cannot be a person convicted by a court for a crime prosecuted by public accusation or for a tax felony.
The Revision Committee is composed of 5 to 7 members, including 1 to 2 representatives of the Ministry of State Treasury. The Committee appoints its own President. The members of the Committee:
- can be neither members of the Board of Directors nor these members’ spouses, relatives or employers;
- cannot be persons convicted by a court for a crime prosecuted by public accusation or for a tax felony;
- are not entitled to collect reimbursement for their services.
The members of the Board of Directors and the Revision Committee do not receive remunerations for their services.
The Board of Directors makes decisions of all matters of the Foundation and is responsible for its proper management.
The Board can employ an executive director to assist the board in performing its duties and manage the activities of the Foundation.
All legal actions performed on behalf of the Foundation require participation of at least two members of the Board of Directors.
The Board of Directors approves an annual plan of action for the Foundation and its budget estimate. An annual report of the Foundation’s activities is delivered to the UW Senate and to and to the supervising ministry.
The Revision Committee supervises the economic management of the Foundation. An annual report of the Committee is delivered to the UW Senate. The report is approved by the Senate.
The founder allots to the Foundation PLN 50.00 for the pursuit of its goals. The fund will be deposited in interest accounts in proper domestic banks. It is allocated to cover balance losses of the Foundation, and the amount of interest is used to finance the activity of the Foundation.
The goals of the Foundation are also pursued by virtue of donated funds and material support, collections or inheritances. The Foundation devotes its whole income to the activity described in § 4 and § 5.
It is prohibited to:
- use the Foundation’s wealth to offer loans or loan guarantees to members of the Foundation’s governing bodies, employees or their relatives;
- give any part of the Foundation’s wealth to members of the Foundation’s governing bodies, employees or their relatives according to different principles than in case of third parties, especially without interest or on preferential conditions;
- use the Foundation’s wealth for the benefit of members of the Foundation’s governing bodies, employees or their relatives according to different principles than in case of third parties, unless it is used directly for the pursuit of the Foundation’s statutory goals;
- purchase products or services from entities associated with members of the Foundation’s governing bodies, employees or their relatives according to different principles than in case of third parties or at higher-than-market-prices.
The UW Senate can change this statute by a resolution approved by 3/4 of the statutory number of Senators.
A decision to liquidate the Foundation can be made by the UW Senate by a resolution approved by 3/4 of the statutory number of Senators. After the Foundation is liquidated, all its remaining means are used for the pursuit of its statutory goals.