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Named fund

It is also possible to set up a ‘Named Fund’ for CAS International (Anti-Bullfighting Committee), in this case the ‘main fund’. This is a gift with an assignment. For example, the founder of the fund may indicate that the money is being spent on a specific project in Spain. The founder chooses the name, determines how much money is deposited into the fund and decides where the money goes and when. As the main fund, CAS is responsible for spending the money and also takes care of the administrative processing. For example, the ‘Fund on Name’ does not have to arrange such things yourself.

A ‘Named fund’ can be set up by private individuals and companies. This can be done both during life and through a will. You can opt for a one-off donation or a periodic donation. A notary can tell you more about ‘Named fund’.