Excerpt from the statute

(2) The Foundation pursues exclusively and immediately non-profit aims and charitable aims in the sense of the section „Tax-advantaged Aims“ of the contribution and tax regulation.

(3) The Foundation has an altruistic activity and does not pursue its own economic aims as a priority.

(4) The Foundation's means can only be used for aims according to its statute. None is privileged by expenses alien to the Foundation’s aims or by disproportionately high remuneration

(5) There is no legal claim upon the granting of services by the Foundation.

The Peter Maffay Foundation was founded in Germany in 2000 as a public foundation of the civil law, with legal capacity, and was authorised by the Legal Supervision Authority under the Government of Upper Bavaria with file no. 230-1222 STA 18, on August 14th 2000.