AUSTRIA Law and Practice Contributed by: Clemens Philipp Schindler and Katharina Schindler, Schindler Attorneys
may pursue private interests and/or charitable pur - poses. A difference is the capital required for the foundation. For the establishment of a private foundation (with a private or charitable purpose), at least EUR70,000 is required, whereas at least EUR50,000 is sufficient for the establishment of a charitable foundation accord - ing to the Federal Law on Foundations and Funds ( BStFG-Stiftung ).
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