According to the new law that came into enforcement in 2021, philanthropic organizations are entities of the nonprofit sector established in the form of a recognised foundation or association in order to make donations of money, goods or services, including investments, in support of disadvantaged people or general-interest purposes. The organisation’s name shall contain the indication of a philanthropic body. Philanthropic bodies get the economic and non financial resources to develop their business mainly from public and private assets, donations and legacies, capital gains and fundraising activities.