Posted by TMN Raugravine on July 17, 2012, 11:51 am, in reply to "Re: foundations"
Well, that is certainly a neat way to be able to keep valuable jewelry. And a great idea. I see now why the Dutch ladies all wear the various pieces.
--Previous Message-- : The Dutch Royal House has created two separate : legal entities for these gifts. This means : that not a natural person but the legal : entity, the foundation, is the owner of : these gifts. These foundations are exempted : from inheritance rules and succession taxes : as non-natural persons can not die. : : Foundation Official Gifts of the House : Orange-Nassau : Founded 2007 : Chair: H.R.H. The Prince of Orange : Registration Number 27309679 : Purpose: "To collect, maintain and : manage properties which were offered to Her : Majesty Queen Wilhelmina or are or will be : offered to a descendant of the : beforementioned or to a spouse of a : descendant of the beforementioned". The : Foundation can not sell or dispose in : another way the properties placed into its : ownership. : : Foundation Royal Gifts : Founded 2007 : Chair: H.M. The Queen : Registration Number 27309706 : Purpose: "To collect, maintain and : manage properties which were or are offered : to the bearer of the Crown of the Kingdom of : the Netherlands in the framework of the : functioning as head of state of the Kingdom : of the Netherlands, or are offered for the : occasion of a State Visit, an Official Visit : or another event". The Foundation can : not sell or dispose in another way the : properties placed into its ownership. : : : : : :