The foundation is what? Pension fund, social fund, housing stock

A foundation is an organization of a non-commercial type, whose founders are ordinary citizens or legal entities that make voluntary contributions to the organization on a voluntary basis. Organizers of the institution pursue social and charitable, cultural and educational, other goals, useful to the public.

Legal features of the funds

The legal provisions of the funds are determined not only by the Civil Code, but also by the law on non-profit organizations. A foundation is an organization whose specifics dictate compliance with a certain law. The activities of certain categories of funds are subject to special regulations. Public associations are controlled by the law on public organizations. Charitable foundations carry out their activities under the law on charitable activities. Membership is not provided within the organization, and the founders themselves do not participate in the work of the organization and do not have the authority to dispose of the funds.

Government funds

The concept of the fund includes not only the non-profit institutions mentioned above. There are funds of the Russian Federation, which are classified as state. Extrabudgetary funds began to appear when there was a reform of the Russian financial system in the 1990s. Encouraged the creation of specific organizations the urgency of solving a number of social and economic problems. In the long term, it was planned to create a stable system of pensions, health care and social insurance. The extrabudgetary fund is a stable source of funds, which is used to finance certain social needs of the society and which lends itself to long-term forecasting. Sources of replenishment of the organization are clearly fixed, and the use of funds is predetermined by the intended purpose.

Types of funds and directions of expenditure of funds

Extrabudgetary funds play an important role in the system of centralized finance of the country. The organization accumulates funds outside the federal budget and outside the budgets of the subjects of Russia. All money is used to realize the constitutional rights of citizens of the country. The Social Fund is committed to providing people with age, sickness, disability, survivor assistance and many other situations. The budget of each organization is approved at an official meeting in the format of federal laws. The income of institutions is provided by compulsory payments of a single social tax. The structure of non-budgetary funds of the state type includes:

• Russian Pension Fund;
• Fund for social insurance;
• Federal organization;
• Territorial organization of medical insurance.

Subtleties of budgeting

An extrabudgetary fund is a state organization formed on extrabudgetary funds, which is controlled by the country's authorities, and whose budget is directed solely at the realization of social needs both of general federal and territorial purposes. The budget of the organizations and its project for the coming year is formed by the governing bodies of the latter. Projects are submitted to federal executive bodies and are adopted in the format of federal legislation. If there is a deficit, sources of liquidation are considered and approved. The project should include both sources of income and sources of expenditure. Before approval, the budget must go through a whole chain of public authorities, with the enumeration chamber inclusive.

Russian Pension Fund

The largest non-budgetary fund in the country is the Pension Fund. It plays the role of the country's most significant social institution . Its formation is conditioned by the need to manage the state pension finances. The Pension Fund simultaneously accomplishes two tasks:

1. The withdrawal of pension funds from the structure of the consolidated budget.
2. The withdrawal of pension funds flows to the level of an independent process.

The budget is formed by allocating funds to the Pension Fund in the format of insurance contributions and payments by employers. As a result, the state budget removes the burden in the form of fulfilling obligations to pensioners. Obligations are executed at the expense of insurance payment. The last reform structured the pension into three parts: basic, insurance and funded.

Distribution of pension organization benefits

The pension fund guarantees the payment of the basic pension to all persons of retirement age. The increased payments are aimed at persons who have reached the age of 80 years and those with the 1st group of disability. The size of the insurance part of the payments depends solely on the pensioner's length of service and on the amount of his salary. Payment is formed by deductions to the Pension Fund of insurance contributions every month. The insurance part of the payments corresponds to the ratio of the calculated pension capital to the number of months of the expected repayment period. In fact, the funds are not collected on the account of one person, but are used for payments to other pensioners.

Social Insurance Fund

The first social insurance fund in Russia appeared in 1992. It is regulated by the legislation of the country. Like the Pension Fund, the organization acts as an independent financial and credit institution. Any property of the fund is federal property. The funds are not subject to withdrawal and are not part of the budgets at any of the levels. Social insurance funds are replenished by tax deductions. This is a single social tax and a tax on the application of a simplified taxation system, a periodic income tax and an agricultural tax. The main direction of the expenditure of funds from the association is the payment of benefits to persons who have temporary incapacity for work. The maximum size of the allowance is strictly limited to the normative values.

Housing fund

The Fund has a slightly different format than the organizations that are represented above. He does not accumulate material means, but unites all apartment houses and living quarters of the state. This concept is considered basic in all housing legislation. The housing stock is considered to be the dominant state property, in the preservation and preservation of which the entire society is interested. The generalized concept includes substructures differentiated according to the following criteria:

• Belonging to a particular form of ownership (private, municipal and state);
• Specificity of the use of living quarters (fund of social use, commercial and individual).

Like the Pension Fund, its housing analogue is controlled by the state, which keeps its records in accordance with the procedure determined by the Government of the Russian Federation. The system does not include buildings and premises that are oriented to seasonal or temporary residence, regardless of its duration. Self-built constructions are not included in the fund. Those objects that are not part of the structure can not fall under the norms of housing legislation, and any manipulation with them is very difficult, including re-registration.