NETHERLANDS Law and Practice Contributed by: Nathalie Idsinga and Mignon de Wilde, Arcagna
• the primary purpose of the investment is to directly achieve or promote one or more of the ANBI’s public benefit objectives as set out in its articles of association; • the investment is not a business activity primarily aimed at generating profit; • the entire proceeds of the investment must be used by the recipient for activities related to the ANBI’s objectives; • neither a director (nor any person associated with a director) of the ANBI is involved as founder, direc - tor, shareholder, capital provider or employee of the recipient organisation; and • the ANBI clearly records the investment as a public interest investment in its financial records and policy plan. For investments that do not meet these conditions and therefore do not qualify as public interest expenses, the “spending requirement” necessitates an assess - ment of whether the investments are otherwise rea- sonably necessary for the continuity of the ANBI’s planned activities in line with its objectives.
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