Foundation vs Association in Bulgaria: Which Non-Profit Structure Fits Better?

Foundation vs Association in Bulgaria: Which Non-Profit Structure Fits Better?

Short answer

An association is usually stronger where members, voting, and ongoing governance matter. A foundation is usually stronger where a founder wants a purpose-led structure built around assets or mission rather than a membership base.

Comparison table

Question Association Foundation
Core logic Member-based Asset / purpose-based
Best fit Communities, clubs, industry groups Philanthropy, family purpose, donor logic
Main mistake Using it as a disguised trading company Using it where membership governance is needed

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References and further reading