Foundation Operating Requirements

[jlocke51432]

I just finished reading Sunbelt's "Foundation Establishment" requirements. My questions are in regard to a foundation after it has been established. I'm attempting to put together some rough numbers for a potential funder. I've talked to a lawyer and a couple different foundation board members and seem to get a wide variety of answers.

Can the foundation employ staff (not anyone on the board) and what is the minimum wage requirement?

Is the foundation required to have a full time secretary at the main office?

What other monthly/yearly operating expenses or gov't fees might there be that any foundation can expect regardless of what they are doing?

[Sunbelt Asia]

Yes, the Foundation can employ staff, the minimum wage is currently set at 6,500 Baht a month but that may change in April to 9,000 Baht assuming the Thai government follows through with their commitment to raising the minimum wage. A minimum wage would not, of course apply to volunteers.

The main annual responsibility of the Foundation is to submit a report of all income, expenses, minutes of meetings and a general report of their operations to the government.

[sunbelt][/sunbelt]