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March 25, 2015

Non-profit trusts: on the right track

IST Austria President Henzinger welcomes new options

The President of the Institute of Science and Technology Austria (IST Austria), Prof. Thomas Henzinger, welcomes the initiative to introduce non-profit trusts in Austria. Henzinger: “The federal government is on the right track. The new laws on non-profit trusts can contribute to increase the willingness of the private sector to donate funds to basic research. Germany and Switzerland provide evidence for the high potential that non-profit trusts have for funding science. For its further development IST Austria considerably relies on acquiring private funds.” Henzinger concludes: “We are confident that the new options in Austria will appeal to donors with a heart for science.“


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