Greece Moves to Modernize Management of Charitable Estates
The Greek government is introducing reforms to modernize the management of charitable estates, aiming to make the process more efficient and aligned with contemporary social needs. Minister of National Economy and Finance Kostis Hatzidakis is set to present a new bill today, Wednesday, that seeks to improve the use of assets earmarked for public benefit, including scholarships, infrastructure projects, and social welfare programs. The legislation updates Greece's legal framework for charitable estates, which has been in place since 2013, with the goal of enhancing both oversight and administration. These estates consist of assets such as real estate and financial funds that have been donated through inheritances, bequests, or endowments to support public causes. Beneficiaries can include the state, municipalities, or other legal entities, with funds directed toward philanthropic, educational, cultural, religious, or scientific...
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