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The National Renewable Energy Centre is incorporated as a non-profit foundation, which is called "CENER-CIEMAT Foundation". All its trustees are public institutions, such as the Ministry of Economic Affairs and Competitiveness, Ciemat, Ministry of Industry, Energy and Tourism and the Government of Navarra.
In the case of the CENER-CIEMAT Foundation, the foundational mission is:
A basic part of the essence of CENER derives from its trustees' commitment to achieving a high level of self-funding and extending the scope of its activities nationwide.
Foundations are entities intended to provide a public good, and are bound to devote all their activity and assets to achieving that end. This is known as their foundational mission. This means, among other things, that they must reinvest profits into the foundation and are not allowed to recuperate donations made by trustees or other donors.
Foundations also offer major advantages for entities that decide to contract them or to donate money or other kinds of resources to them. In the case of a contract, apart from the corporate tax rebate, there is an additional rebate of 10%. In the case of donations, the donor is free to decide what the donation will be used for and is entitled to the same favourable conditions as apply in a contracted R&D project.
© National Renewable Energy Centre (CENER) - CENER - CIEMAT Foundation
Ciudad de la Innovación, nº 7 · 31621 Sarriguren (Navarra) · Spain · T + 34 948 25 28 00 · F + 34 948 27 07 74 · email@example.com