Dominican Republic (DO)

Jurisdiction Overview

IDQuestionAnswer
350 Number of private foundations 
 Data Date: 2019

Notes

 
"The concept of private foundation does not exist under the laws of the Dominican Republic. The Law on Non-Profit Organisations (Law 122-05) provides for the creation of public foundations that operate on a non-profit basis to address socially significant interests identified by the founders." (GF 2019: 51).

Sources

CFATF 2006: 6; IMF ROSC 2006: 131; GF 2016: 48; GF 2019: 51