Statutes of the Fund for the Promotion of the Humanities and the Fund for the Promotion of the Natural Sciences
Most of the Bavarian Academy of Sciences and Humanities’ assets from foundations and funds was eroded as a result of two major periods of currency devaluation. The remaining funds can only be put to good use if they are pooled. At the same time, the Academy wishes to keep the memory of the individual benefactors alive. It has therefore established a fund to support the humanities and a fund to support the natural sciences and has adopted these joint Statutes for both funds.
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Statutes (PDF) for the Fund for the Promotion of the Humanities and the Fund for the Promotion of the Natural Sciences
Section 1 General provisions
The Fund for the Promotion of the Humanities (hereinafter: the Humanities Fund (formerly the Aegina Fund, the Bluntschli Foundation, the Hardy Foundation, the Friedrich Marx Foundation, the Zographos-Thereianos Foundation and the Albert Samson Foundation), and the Fund for the Promotion of the Natural Sciences (hereinafter: the Natural Sciences Fund (formerly the Liebig Foundation, the Munich Community Foundation, the Cramer-Klett Foundation, the Koenigs Foundation for the Adolf von Baeyer Anniversary, the Wilhelm Koenigs Foundation, the Heinrich von Brunck Foundation, the Dapper-Saalfels Foundation and the Albert Samson Foundation) are intended to support academic work and initiatives across the entire fields of the humanities and the natural sciences using income generated from their capital.
Section 2 Funding
(1) The assets of the Humanities Fund and the Natural Sciences Fund are drawn from the funds of the older foundations and funds referred to in Section 1.
(2) The Academy’s Executive Committee may allocate further funds to the Humanities Fund and the Natural Sciences Fund, in particular from donations and bequests.
(3) In such cases, the Academy’s Executive Committee may amend the list of previous foundations in Section 1 by adding the names of further donors.
Section 3 Legal status
The funds are not legally independent. Their assets form part of the Academy’s assets and are managed by the Academy’s Executive Committee in accordance with its Statutes.
Section 4 Use of income
(1) A committee shall determine how the income from the Humanities Fund and the Natural Sciences Fund are to be used.
(2) The committee shall consist of:
The President of the Academy, or the deputy in his or her absence, as chair, and
one member from each of the Sections I to IV. Members are nominated by the Executive Committee and elected by the plenary meeting for a term of four years. If a member of the committee leaves before the end of their term, a successor shall be elected for the remainder of the term.
(3) The committee shall have a quorum if, in addition to the President or his or her deputy, at least two members are present.
(4) The committee shall take its decisions by a simple majority. In the event of a tie, the chairperson has the casting vote.
Section 5 Procedure for allocating funds
(1) The committee shall take decisions at meetings or by written procedure.
(2) Applications for funding may be submitted by any ordinary member of a Section.
(3) The committee may set aside income for distribution at a later date or add it to the capital.