Snežana Miladinović, PhD

RELATING TO THE STATUS BENEFICIAL FOUNDATION

Summary

The author seeks, through the prism of modern theoretical concepts and legislative decisions in comparative law, to present the characteristics of the legal status of the endowment of beneficiaries. The aim of the author is that the basic principles of endowments, civil and administrative requirements of the endowment, highlights the importance of precise determination of beneficiaries, as well as specifying the conditions and the time of acquisition of the subjective rights of beneficiaries toward the endowment. The paper points out the general conditions of creating the endowment, and special attention is focused on the objectives and users of the endowment. We analyzed the subjective rights of beneficiaries of endowments, the method of acquisition and achievement, but the divisions of the endowment to acquire these rights are also presented into depersonalized and personalized endowment. Special attention in the paper the author has devoted to the so called family endowments.

Key words: Foundation, beneficiary, foundation`s administration, mode of use, depersonalized endowment, personalized endowments, family foundations