Charitable foundation

(1) A charitable foundation shall be established for one or more of the following purposes, which shall be clearly specified in its charter– (a) the relief of poverty; (b) the advancement of health, education, art, culture, sports or religion; (c) the protection of the environment, fauna or flora; (d) the advancement of human or fundamental freedoms; or (e) any other purpose which is beneficial to the community in Belize or elsewhere. (2) Participation in, or support of, any political campaign, the support of any political party or political cause, or the support or advocacy of any legislation shall not be regarded as a charitable purpose. (3) A foundation may qualify as a charitable foundation under this Act regardless of the timing or form of any distribution in furtherance of any of the purposes specified in sub-section (1). (4) A foundation created for both charitable and non- charitable purposes qualifies as a charitable foundation, even if the non-charitable purposes are the primary purposes of the foundation or if a majority of distributions are made to non- charitable beneficiaries. International Foundations [CAP. 24:02 25 (5) Business activities in Belize undertaken by a charitable foundation that are necessary for the proper administration of the foundation are permissible only to the extent that the activities are ancillary and incidental to the main purpose of the