STIFA’s staff at the end of 2014 consisted of the Head of the Division and two part-time Legal Officers (50 % each).
At the beginning of 2014, 1,199 common-benefit foundations and ten private-benefit foundations were subject to STIFA supervision. By the end of 2014, the figures had risen to 1,239 common-benefit and 15 private-benefit foundations. On application, STIFA may exempt common-benefit foundations from the obligation to appoint an audit authority and then STIFA exercises the right of inspection accourding to its discretion. As of 31 December 2014, 166 of the 1,239 common-benefit foundations were exempt from the obligation to appoint an audit authority.
The focus was on carrying out STIFA audits of the exempt foundations (§ 29(3) StiftG), the processing of reports by audit authorities with objections concerning the management and/or appropriation of foundation assets as well as the verification of the accuracy of the deposited notifications of formation and amendment in the case of private-benefit foundations (§ 21 StiftG). The STIFA applied to the court in 24 (2013: 17) cases for supervisory measures.
With short lectures and presentations e.g. at lunch meetings, STIFA sought dialogue with the market participants. STIFA actively aimed for the exchange of experience with:
Recent STIFA Participation Activities and Events:
The data managing project „StiCH“ (STIFA Case Handling), a due dilligence follow up instrument.