Statutes

Name of the foundation

1 § The name of the foundation is Insamlingsstiftelsen Modern Assyrian Research Archive Foundation (The Fundraising Foundation Modern Assyrian Research Archive), abbreviated MARA Foundation.

Purpose and role of the foundation

2 § The foundation is not tied to any political or religious organization. The purpose of the foundation is to raise and manage funds that will be used to finance the operation of gathering, managing and publishing source material about Assyrians in modern time. The source material is gathered from all over the world where Assyrians are settled, in the form of digitization and donation of materials. The material will be tended to and archived, and published on the internet and in physical form in the archive and library of the foundation. The source material consists of books, journals and newspapers, documents, articles and pictures, audio and video recordings.

The source material that is gathered shall enable research and studies regarding cultural, linguistic and historical questions concerning the Assyrians in modern times. Researchers and students will for the first time be able to access material from a single instance, which makes this a worldwide unique collection. The common public will also have access to the material in the same way as researchers and students. This facilitates a continued establishment of the Assyrian identity in future generations of Assyrian youth in Diaspora and the homeland.

The funds raised from the call of the foundation and its founders shall, as independent capital, promote above stated purposes permanently. The foundation reserves the right to refuse donations, gifts or cooperation that does not conform with the foundation’s values or policy.

The foundation shall cooperate with the Faculty of Asian and Middle Eastern Studies at the University of Cambridge, England and those universities and/or institutions the foundation considers appropriate and conform with its values.

Assets

3 § The assets of the foundation consist of funds raised by call of the founders, funds collected and contributed otherwise, excess funds from the foundation’s own operations and also returns/yield on the foundation’s assets.

The foundation is the owner of all material acquired by and donated to the foundation in both physical and digital form and (in addition) related intellectual property.

Management of the foundation

4 § The foundation shall be managed and represented by a board seated in Stockholm.

5 § The foundation shall consist of at least three (3) and a maximum of six (6) members and two (2) reserves/deputies. The members and deputies are elected for a period of four (4) years with the possibility of extension. The board, including resigning members, owns the right to suggest and elect new members. The board chooses its chairman and vice chairman within itself. Deputies do not own the right to vote but do own the right to participate and comment in board meetings.

6 § The board’s main task is to manage raised funds in a prudent manner in order to receive the highest return possible based on low-risk investments; to follow ethical investment rules and principles; to keep collection- and administration costs as low as possible.

7 § The quorum for valid decision making requires more than half of the board to be present. Decisions are valid if more than half of the present board members vote for the alternative. In the event of a tie, the chairman has a casting vote.
If the decision refers to changes in statutes according to 16 § or liquidation according to 17 §, at least three quarters of the total number of board members have to vote for the decision.

8 § The board shall gather at least once every fiscal year by the summon of the chairman. The chairman shall furthermore summon the board at the request of two or more members. Board meetings shall be recorded on protocol with minutes approved by the chairman seconded by one at the meeting elected member. Protocols shall be recorded in a numerical sequence and stored safely.

9 § Two board members in union are valid signatories of the foundation.

10 § No fee is paid to board members. Reimbursements are made for necessary and reasonable costs.

11 § It is the ambition of the foundation to annually award a scholarship, MARA-stipendiet (the MARA scholarship), when the board finds that applications received meet the established criteria. Should no qualified applications be received during one fiscal year, the scholarship shall not be awarded. The decision if and to whom the scholarship should be awarded is determined exclusively by the board.

The full board decides, with a majority of three quarters, to whom the scholarship should be awarded. The decision is made at the latest September 30 each year. Applications can be submitted throughout the year but no later than July 31 each year.

The MARA scholarship shall be awarded to researchers or students whose main studies are based on Assyrians in modern time and can benefit academia and the public. The board owns the right to issue detailed rules concerning the scholarship, such as conditions and scholarship amounts.

Financial accounts

12 § The foundation shall keep records of financial accounts in accordance with the Swedish accounting act (Bokföringslagen (1999: 1078)). The board is responsible for keeping complete records in accordance with the prevalent law at the time. Fiscal year shall be the calendar year.

13 § The board shall prepare an annual report each year, at the latest April 30, over the previous fiscal year in accordance with the Swedish annual reports act (Årsredovisningslagen (1995: 1544)) and shall contain specifications of how the purpose of the foundation has been promoted during the fiscal year.

Auditor

14 § An approved or authorized auditor shall audit the board’s administration.

Supervision

15 § The foundation shall be subject to supervision under the Swedish Foundation act (Stiftelselagen (1994:1220)).

Changes

16 § Changes in these statutes, except for the name of the foundation (1 §) and purpose (2  §), may be made by the board of the foundation without the consent of authorities. A majority of three quarters, as described in 7 §, is required.

Liquidation

17 § The foundation shall through the board’s decision, with a majority as described in 7 §, be dissolved through liquidation. On dissolution of the foundation the assets shall be used in accordance with the foundation’s purpose in the manner the board decides. In the case of liquidation, authorization of liquidation is required from Kammarkollegiet.

Account

18 § If the foundation’s accounts are terminated, the foundation is dissolved, or the foundation is deprived of its accounts, then it is required to follow the provisions of Stiftelsen för Insamlingskontroll (the foundation for collection control) regarding accountability, until the point at which collected funds are consumed.