Foundation Charter

The Public Foundation “Shchedry Charity Foundation” (hereinafter the “Foundation”) is established in accordance with the Constitution of the Kyrgyz Republic, the Civil Code of the Kyrgyz Republic, the Law of the Kyrgyz Republic “On Non-Commercial Organizations,” and other regulatory legal acts of the Kyrgyz Republic.

The Foundation is a non-commercial organization established by a legally competent natural person on the basis of voluntary property contributions, pursuing social, educational, charitable, cultural and other public-benefit objectives. The Foundation becomes a legal entity under the legislation of the Kyrgyz Republic upon registration with the justice authorities and operates in strict compliance with this Charter and applicable legislation.

The founders of the Foundation are:

1. Bayteitov Tazhibay Zikirovich, born 02 December 1973, citizen of the Kyrgyz Republic, registered at: Kyrgyz Republic, Chuy Region, Alamudun District, Oktyabrskoye village, 22 Partsyezda Street, house 25, apartment 6;
2. Zarlykov Kaly Zarlykovich, born 24 July 1971, citizen of the Kyrgyz Republic, registered at: Kyrgyz Republic, Bishkek, Keremet residential area, Dyykan Street, house 4;
3. Abdraimov Oskon Kasymovich, born 06 March 1974, citizen of the Kyrgyz Republic, registered at: Dumlupinar Mah, No: 252, Bilkent, Cankaya, Ankara, Turkey.

The full official name of the Foundation is:

1. in the state language: «Берешен Кайрымдуулук фонду» коомдук фонду;
2. in the official language: Общественный фонд «Благотворительный фонд Щедрый».

The abbreviated official name is:

1. in the state language: «Берешен КФ» КФ;
2. in the official language: ОФ «БФ Щедрый».

The registered office (legal address) of the Foundation is: Kyrgyz Republic, Chuy Region, Alamudun District, Kok-Jar village, Tabaldy uulu Abdraly Street, house 22.

The Foundation operates throughout the Kyrgyz Republic and beyond its borders.

The working languages of the Foundation are Kyrgyz, Russian and English.

The Foundation is established for an unlimited period.

The Foundation is a legal entity under the legislation of the Kyrgyz Republic. By its nature, it is a non-commercial and non-governmental organization. It acquires the rights and obligations of a legal entity upon state registration in the prescribed manner. Following registration, the Foundation has the right to:

1. establish enterprises, institutions and other organizations not prohibited by the legislation of the Kyrgyz Republic;
2. open bank accounts, including foreign-currency accounts, in the Kyrgyz Republic and abroad;
3. establish branches and representative offices;
4. recruit staff and determine forms and amounts of remuneration and employee incentives;
5. freely disseminate information about its aims and objectives;
6. own, use and dispose of its property and enter into transactions not prohibited by the legislation of the Kyrgyz Republic;
7. conduct economic activities, including production, without distributing profits among founders or officers. Such activities may include producing and selling goods, performing work, providing paid services and other entrepreneurial activities. Profits shall be used for the Foundation’s objectives and acquisition of its property;
8. construct, purchase or lease property, material resources and equipment, obtain loans and grants, and use land in accordance with the legislation of the Kyrgyz Republic;
9. establish its own publishing houses and mass media in accordance with the legislation of the Kyrgyz Republic;
10. establish credit agencies;
11. participate in civil-law transactions;
12. appear in court in its own name;
13. exercise other rights and fulfill obligations provided by law for organizations of the corresponding legal form.

The Foundation owns separate property, maintains an independent balance sheet, and has an official seal bearing its name, an emblem, letterhead, settlement, foreign-currency and other bank accounts, as well as other necessary details, attributes and symbols.

The executive body ensures the proper use and safekeeping of the Foundation’s seals and stamps.

The Foundation is liable for its obligations with all property belonging to it. The founders are not liable for the obligations of the Foundation they established, and the Foundation is not liable for its founders’ obligations.

The Foundation is not liable for the obligations of the Kyrgyz Republic, nor is the Kyrgyz Republic liable for the Foundation’s obligations.

The Foundation may join associations, including international associations, maintain direct international contacts and conclude relevant agreements.

The Foundation may independently determine the use of its income and the forms and amounts of remuneration and incentives for its employees.

Interference by state authorities or officials in the Foundation’s activities, or by the Foundation in the activities of state authorities or officials, is prohibited except as provided by the legislation of the Kyrgyz Republic.

Income received by the Foundation is allocated to implementing its statutory aims and objectives.

The Foundation maintains accounting and statistical records and reporting in accordance with the legislation of the Kyrgyz Republic and is responsible for their accuracy.