Norwegian foundations are submitted to supervision and control by The Norwegian Foundation Authority. There are about 7100 foundations i Norway, out of which approximately 860 are business foundations.
In order to promote investment in foundations as a long-term ownership, and to achieve a better overview of foundations, Norway adopted legislation in 2001 requiring all foundations to register in a national register, The Norwegian Foundation Register (NB: this is a Norwegian web-site).
The Foundation Authority was established in 2005 and is co-located with the national Gaming Authority in Førde, north of Bergen in Western Norway.
The basic element in the Authority’s work is to secure that the foundations are loyal to their purposes and to:
- operate and further develop a foundation register
- control to prevent and detect foundations being established illegal or otherwise violating statutes and the Foundations Act
- provide relevant information and guidance to foundations, the public and the government on this topic
Every other year a national foundation conference is held in Førde on topics that are relevant to both small and large foundations.