Source of information
Bulgarian Donors Forum

There is no legal definition of foundation in Bulgaria.
According to the non-profit corporate bodies’ law, a foundation is defined according to its:
1) Goals: "The non-profit corporate bodies shall freely determine their goals and can identify themselves as organisations carrying out activities to the public or private benefit. The determination shall be made by the statutes, the constituting act or amendments in them"
2) Founding: "A foundation shall be founded during lifetime, or on the occasion of a death, by a unilateral founding act which gratuitously concedes property for achieving a non-profit goal."

Number of foundations

1,755 public-benefit foundations (2015)
25 are grant-making foundations, the remaining are organisations registered as foundations but that do not have their own assets.

More on the sector
Further reading
EUFORI STUDY : European Foundations for Research and Innovation : Bulgaria Country Report, European Union, 2015
Bulgarian NGO sector in the context of development, Workshop for Civic Initiatives Foundation (WCIF), 2003