By-laws

Article III
Foundation's assets and revenues

Section 6) Assets

Foundation's assets include:

• the endowment fund consisting of cash contributions and moveable property provided by the founder as resulting from and described in the deed of foundation;
• immoveable and moveable property provided to the Foundation, including donations or fees provided and/or paid by Public, Private or Corporate Bodies, in so far as the afore-mentioned immoveable and moveable property, donations and fees are expressly provided to increase the assets for the purposes indicated in Section 3;
• management surplus allocated by the Foundation's Board of Directors.

Section 7) Revenues

For the execution of its tasks the Foundation may avail itself with the following revenues:

• estate income;
• any contribution or donation provided by the founder or by third parties;
• earnings deriving from the institutional activities described in Section 3.