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Anadolu Agency, Turkey
May 3 2012
Turkey pays compensation to a minority foundation for first time
ANKARA (AA) -May 3, 2012 -Turkey's Assembly of Foundations on Thursday
decided to pay compensation to the Gedikpasa Armenian Protestant
Church and School Foundation.
The decision to pay compensation came after the Armenian foundation
applied for the return of a property which was earlier sold by the
Turkish Treasury.
Since the property was sold, the Assembly of Foundations decided to
pay compensation to the Armenian foundation.
Speaking to the Anadolu Agency (AA), Director General of Turkey's
Foundations Dr Adnan Ertem said that paying compensation to
communities began after a legal arrangement made in August 2011.
The legal arrangement was made to solve the property problems of the
community foundations, Ertem indicated.
While the Gedikpasa Armenian Protestant Church and School Foundation
will receive compensation for their property sold by the Turkish
Treasury, their application for the return of their orphanage in Tuzla
district was rejected as their demand was not in line with the new law
on foundations.
The Armenian foundation has to use legal means in order to apply for
the return of the orphanage, Ertem stressed.
We expect to receive around 500 applications from community
foundations for their properties. They have until August 27, 2012 to
file their applications, Ertem also said.
The most important legal basis in Turkey relating to foundations is
the Foundation Law.
The new Foundation Law was adopted and put into effect on February 20,
2008. It brought about many changes. It allows foundations established
in Turkey to play an effective role in business life. While
foundations were equal to charitable institutions in Turkish practice
in the past, the revised Foundation Law aims to make foundations
important participants in social and business life.
The amendments in the Foundation Law were made to adjust to European
Union rules and aimed to produce a new legal identity for foundations.
May 3 2012
Turkey pays compensation to a minority foundation for first time
ANKARA (AA) -May 3, 2012 -Turkey's Assembly of Foundations on Thursday
decided to pay compensation to the Gedikpasa Armenian Protestant
Church and School Foundation.
The decision to pay compensation came after the Armenian foundation
applied for the return of a property which was earlier sold by the
Turkish Treasury.
Since the property was sold, the Assembly of Foundations decided to
pay compensation to the Armenian foundation.
Speaking to the Anadolu Agency (AA), Director General of Turkey's
Foundations Dr Adnan Ertem said that paying compensation to
communities began after a legal arrangement made in August 2011.
The legal arrangement was made to solve the property problems of the
community foundations, Ertem indicated.
While the Gedikpasa Armenian Protestant Church and School Foundation
will receive compensation for their property sold by the Turkish
Treasury, their application for the return of their orphanage in Tuzla
district was rejected as their demand was not in line with the new law
on foundations.
The Armenian foundation has to use legal means in order to apply for
the return of the orphanage, Ertem stressed.
We expect to receive around 500 applications from community
foundations for their properties. They have until August 27, 2012 to
file their applications, Ertem also said.
The most important legal basis in Turkey relating to foundations is
the Foundation Law.
The new Foundation Law was adopted and put into effect on February 20,
2008. It brought about many changes. It allows foundations established
in Turkey to play an effective role in business life. While
foundations were equal to charitable institutions in Turkish practice
in the past, the revised Foundation Law aims to make foundations
important participants in social and business life.
The amendments in the Foundation Law were made to adjust to European
Union rules and aimed to produce a new legal identity for foundations.