Foundation's name is Olav Raagholt og Gerd Meidel
Raagholts stiftelse for medisinsk forskning [the Olav
Raagholt and Gerd Meidel Raagholt Medical Research
Foundation's object is to make certain funds available
for research relating to heart diseases, the blind
and cancer. The Foundation was established on the
basis of Gerd Meidel Raagholt's will of 12 October
2006. Gerd Meidel Raagholt died on 10 March 2007.
The Foundation is the only beneficiary and the inheritance
will in its entirety constitute the Foundation's basic
Foundation's registered office is in Oslo.
Foundation's basic capital fund is NOK 5,000,000.
5 Board of Trustees
Foundation's Board of Trustees shall be comprised
of from 3 to 5 members. One member shall be a member
of the legal profession (the Chair). The other members
should be persons with professional qualifications
within the disciplines of medicine and nursing. The
Board's period of service is 4 years. The Board may
be reappointed for a further period of 4 years. New
members shall be appointed by the Board.
Board may be assisted by a committee of experts in
the work on awarding grants and shall appoint the
members of this committee.
Board is responsible for the administration of the
Foundation and shall ensure that its capital assets
are soundly managed and employed. The Board shall
ensure that annual reports and accounts are prepared
and shall submit reports as prescribed in the Norwegian
Board may appoint a general manager and may charge
a fee for its work.
6 Use of the Foundation's assets
of the Foundation's annual return shall be added to
the capital. After necessary expenses have been covered,
the remaining amount shall be awarded as grants toward
professional development and research projects within
the above-mentioned object. Travel grants may also
be awarded. The Board shall decide the amount of the
grant, however in such a way that each grant shall
be large enough to cover the applicant's expenses
for at least two months. The invitation to apply for
grants shall be published in an appropriate way before
each award contemplated.
special cases, the Board may use an amount from the
basic capital fund for grants, but in such a way that
normal operations are upheld.
to these Statues require the unanimous resolution
of the Foundation's Board and the consent of the Norwegian
Foundation Authority. Any amendments must be within
the Foundation's framework and object.
8 Annual Meeting
annual meeting shall be held each year by the end
of June. The Chair of the Board shall convene meetings
by giving at least one month's notice.
the annual meeting, the Board shall deliberate and
decide the following issues:
Approval of the annual report and accounts, including
the award of grants.
2. Any other business that, by law or pursuant to
the Statutes, is to be transacted at the general meeting.
Foundation shall otherwise be governed by the Norwegian
Foundations Act of 15 June 2001 no 59.
Foundation shall be registered in the Foundations
Register when the basic capital has been made available
to the Foundation. The basic capital consists of a
bank deposit that was transferred to an account opened
for the Foundation in Nordea Bank Norge ASA. This
bank deposit amounts to NOK 8,000,000.
auditor shall confirm that the basic capital has been
made available to the Foundation. An opening balance
sheet shall be prepared for the Foundation, which
shall be attached to the application for registration.
In the opening balance sheet, total assets will amount
to the bank deposit of NOK 8,000,000. The basic capital
fund has been fixed at NOK 5,000,000. The excess amount
of NOK 3,000,000 is to be registered as other equity.
incurred in forming the Foundation shall be paid by
Board of Trustees and Auditor
following Trustees were appointed:
Kohmann, Lawyer, Chair of the Board
Østhornveien 10, N-0874
Gondrosen, Veterinary, DSc, Trustee
Eilert Sundtsgate 11 B, N-0259 Oslo
Skogstad, Nursing Science Graduate, Trustee
Eilert Sundtsgate 11 C, N-0259 Oslo
Hilberg, Chief Physician, MD, Trustee
Østhornveien 8, N-0874 Oslo
auditor was appointed:
Noraudit OSLO DA, 875 926 632
Vika Atrium, Munkedamsveien 45, N-0121 Oslo
Opening balance sheet
opening balance sheet was submitted and signed.
decisions were unanimous. The Foundation was thereafter
declared to have been formed and the minutes were
read and signed.
21 May 2007
Advocate Finn Kohmann, Executor/Founder/