Article 11. Sponsorship program

A sponsorship program is a set of activities approved by the supreme governing body of a sponsorship organization and aimed at solving problems that correspond to the charter goals of this organization.

The sponsorship program includes estimates of estimated income and planned costs (including remuneration of persons involved in the implementation of the sponsorship program), sets the stages and terms for its implementation.

To fund sponsorship programs (including the cost of labor of persons participating in the implementation of sponsorship programs, and other expenses related to the implementation of sponsorship programs), at least 80 percent of the proceeds received for the financial year, income from entrepreneurial activity permitted by law, should be used including proceeds from commercial structures established by a sponsorship organization.

When implementing sponsorship programs, the funds received are used within the time frames established by these programs.