Organization

The foundation's starting capital

The foundation has a starting capital of EUR 500,000 euros, the majority of which has been donated by the founder Ernst Prost from his own private savings. "I have donated this amount which cannot be touched. The foundation carries out its functions from the revenues from the foundation's assets, from donations and endowment contributions", explains Ernst Prost.

Donations and contributions

Endowment contributions and donations make the foundation even more efficient. Together with the profits from the capital foundation, they provide the resources for all of the foundation's charitable projects. Any type of contribution whether an endowment or donation are tax deductible. The foundation can issue certificates for donations, better known as donation receipts.

Foundation deed

Foundation Board

The Foundation Board members are the founder Ernst Prost, his son Benjamin Orschulik and his partner Kerstin Thiele from Eisenhüttenstadt, Germany.

Patron

Photo: Ernst Prost (foundation board member) and Prof. Annette Schavan (patron of the Ernst Prost Foundation).

Annette Schavan has assumed patronage of the Ernst Prost Foundation, established in December 2010 for people who have fallen into hardship through no fault of their own. Initial contact was made in July 2010. "I greatly value Professor Schavan, not only as a minister, but also as a person," said Ernst Prost at the time. Since the foundation's purpose also includes education, it is a true blessing for the founder to have someone as experienced in this field as Anette Schavan assume patronage.

For Prof. Annette Schavan, education is highly valued, and not only because of her former ministerial post: "Education has always been one of society's core issues and has gained enormous importance in recent years, as demands on the labor market, for example, have grown and will continue to do so." Therefore, she is extremely pleased that she can "hopefully make a significant contribution" to an institution like the Ernst Prost Foundation and thus to the idea of education through her patronage.

Cost

"A lot of help at little cost" is one of the foundation's policies. The Foundation Board is a voluntary body. This is explicitly stated in the Articles of Association. Costs and money wasting that swallow the foundation's profits are strictly taboo. The foundation must be operated as lean and efficient as possible. No costs for personnel, rooms and leases are incurred.

Statutes

Here you can download the statutes of the Ernst Prost Foundation (pdf, 2.3 MB)

Here you can download the statutes of the Ernst Prost Foundation for Africa (pdf, 1.9 MB)

Here you can download the statutes of the MFFMF Foundation (pdf, 1.5 MB)

​Organization