Mission and Goals

The main purpose of establishing the Foundation is to promote economic development across all areas of society, making the benefits of development tangible for every person through:

• promoting respect for fundamental rights and freedoms;
• improving the social and economic living standards of the population, with particular attention to women and vulnerable groups;
• facilitating access to income-generating activities and favorable working conditions;
• helping improve the infrastructure of settlements;
• ensuring equal participation in public life and implementing and protecting social, economic and cultural rights;
• providing advisory, organizational and other support for local initiatives aimed at development and better living standards;
• strengthening and progressively developing education, culture, infrastructure, the economy and social relations.

In its activities, the Foundation is guided by the principles of transparency, democracy, collegial leadership and self-governance.

To achieve its objectives, the Foundation may undertake the following principal activities:

• Identify and attract extra-budgetary funding to improve working conditions and socio-economic living standards.
• Identify, develop and implement educational, cultural, legal and socio-economic projects and programs to improve living conditions, especially for women and rural residents.
• Promote the Foundation’s aims through the media and conduct charitable campaigns.
• Organize forums and roundtables bringing together grant and loan program representatives and citizens to present project funding applications.
• Promote free access to and dissemination of information and the free exchange of opinions.
• Encourage individuals, legal entities and communities supporting activities to protect rights and freedoms, including those of women, children and young people; support educational institutions promoting fundamental rights.
• Cooperate with public bodies responsible for migration, employment, social protection, healthcare and education, local authorities, regional and international organizations.
• Enhance professional training of economics and management students and provide practical management experience.
• Develop skills in organizing and performing managerial work.
• Carry out information, educational and publishing activities.
• Develop methodological guidance on interactive teaching methods for economics and management subjects.
• Establish international contacts and cooperate with civil society and public organizations at home and abroad in education, culture and socio-economic relations.
• Exchange information within the Kyrgyz Republic and internationally.
• Conduct social public-relations campaigns.
• Propose initiatives on public issues and submit proposals to public authorities in accordance with Kyrgyz law.
• Protect the environment and ecosystems.
• Conduct gender research and advocate for rural residents, women and young people.
• Protect mothers and children and help reduce maternal and child mortality.
• Build networks with other civil society organizations.

Activities requiring a special permit or license may be undertaken only after the appropriate authorization has been obtained in accordance with the law.

To carry out its chartered activities, the Foundation may enter into any transactions not prohibited by Kyrgyz law, including:

• leasing, selling, exchanging or temporarily providing property belonging to it;
• using loans from banks of the Kyrgyz Republic or other states, international organizations and legal entities;
• financing capital construction of facilities within the Foundation’s competence;
• owning movable and immovable property used in accordance with its Charter and applicable law;
• leasing or acquiring premises, equipment and other goods needed for its chartered objectives;
• acting as an agent for international donor organizations in implementing their programs and projects.

Transactions between the Foundation and its Director, Chief Accountant, Supervisory Board members, or others who may influence the disposal of Foundation property by virtue of their relationship with it are presumed to involve a conflict of interest. This also applies to transactions with relatives or creditors of those interested persons.

A transaction involving a presumed conflict of interest must be approved by the Foundation’s Supervisory Board. Interested persons referred to in clause 5.5 of the Charter must notify the Board of their intention before entering into such a transaction.

An interested person is fully liable for losses suffered by the Foundation from a conflict-of-interest transaction not approved by the Supervisory Board. In addition to compensating those losses, that person must return to the Foundation all income obtained from the transaction.

The Foundation may conduct income-generating and other economic activities, join international public (non-governmental) associations and conclude agreements. Income from production and business activities must be used solely for chartered purposes. Foundation funds may also be used for charitable purposes.

Freely disseminate information about its activities.

Use loans and grants from banks and other legal entities in Kyrgyzstan and from foreign financial, credit and other institutions.

Conduct independent foreign economic activities in compliance with the laws of the Kyrgyz Republic.

Carry out other activities not prohibited by law.