I'm not quite sure that what you mean authorized from Thai Government. Actually, Islamic Center of Thailand is a foundation that is registered under the Thai Law and they reached the main definition of foundation establishment.
The Royal Institute Dictionary B.E 2525 (Sixth Edition, B.E. 2539) defines the word "foundation" as "Assets specifically allocated with the objectives to support the public charity, religion, science, literature, education, or any other public interests. Foundation shall not seek for any interest to allocate for its members and the foundation must be a registered juristic person in accordance with the Commercial and Civil Code of Thailand".
The Commercial and Civil Code, the revision edition B.E.2535, article 110 defines the meaning of foundation as below:
"Article 110 Foundation is assets which are prepared only for the objectives of public charities, religion, arts, science, literature, education, or any other public interest and the foundation must be registered under the regulation of this Law.
Management of assets of any foundation must not seek for benefit or interest for any person, except the activities which are operating under the objectives of that foundation".
In pursuance with the foregoing definition of "foundation", the Foundation shall consist of 4 subject characteristics as following:
1. Special allocated Assets. The operation of the foundation shall have the allocated assets as the subject fund.
2. Objectives for public interest. The assets that is allocated as the subject fund shall be used in accordance with the objectives of the foundation which are the activities of public interest, religion, art, science, literature, education, or other public interest, and shall strictly not be used for an individual interest.
3. None interest seeking for apportion. The foundation may gain assets or revenue. The obtained assets or revenue shall be used in the activities regarding to the objectives of the foundation, but shall strictly not be divided and shared out among its members.
4. Registered under the Commercial and Civil Code. A person or a group of persons who are the initiators of the foundation have to apply to register the foundation as a registered juristic person under the regulations of the article 122 of the Commercial and Civil Code, the revision edition B.E.2535, which defines that "a registered foundation is a juristic person."
Significant Compositions of Foundation
Foundation consists of 3 significant compositions as below:
• Foundation's name, office, and objectives.
• Foundation's assets which is allocated as the operating fund.
• Foundation's regulations and the board of committee members.
