Psychoacoustics funding

Charitable purpose

1. The Foundation pursues exclusively and directly charitable purposes within the meaning of the section “Tax-privileged purposes” of the German Tax Code (§§ 51 ff. AO).
2. The purpose of the Foundation is the promotion of science and research and the promotion of public health. In the area of the funding of science and research, the promotion is to be achieved in particular through the promotion of persons and institutions active in the area of improvement of the acoustic environment, the reduction of noise pollution, the development of methods and procedures for noise measurement, analysis and improvement, preferably in the environmental and work area.
3. The foundation’s purpose is realized in particular by financing or supporting the financing of research projects and scientific events, if necessary by establishing, at least by supporting an endowed chair or a similar research institution, by awarding research contracts and scholarships, by awarding prizes and the like. In order to fulfill its tasks, the Foundation will make use of an auxiliary person within the meaning of § 57 para. 1 sentence 2 AO, insofar as it does not carry out the tasks itself. Insofar as the Foundation does not directly realize its purposes itself, it may pass on its funds in whole or in part to other tax-privileged institutions or corporations under public law that realize corresponding purposes.
4. The foundation operates selflessly; it does not primarily pursue its own economic purposes.
5. The Foundation’s funds may only be used for the purposes set out in the Articles of Association.

Excerpt from the Articles of Association