The Legal Framework of Charitable Foundation Formation in Georgia
No separate foundation statute exists in Georgia — a Georgian charitable foundation is a non-commercial legal person defined by the Civil Code, to which a distinct charitable status under tax legislation may be added. The formation plan therefore rests on four norms: the choice of form (Article 24), the content of the founding documentation (Article 29), the purpose test for disposing of property (Article 36), and the exit rules (Article 38). Expectations imported from trust or foundation-law models have no place here: there is no trustee office, no separate regulator and no statutory fee schedule outside these Civil Code norms.