The Central Bank of Malta (CBM) set up a public benefit foundation entitled the Central Bank of Malta Foundation on 5 July, according to a press statement the CBM published today.
The foundation falls under the Voluntary Organisations Act, Chapter 492 of the Laws of Malta, as provided for in Second Schedule to the Civil Code, Chapter 16 of the Laws of Malta.
“The Central Bank of Malta Foundation, having an autonomous Board of Administrators, will be administering funds intended to support projects of national stature with lasting visibility relating to education, culture, scientific research, preservation of Maltese national heritage, and social causes,” the press statement says.
The first administrators of the foundation are as follows:
- Chairperson: Marius J. Zerafa
- Yosanne Vella
- Marvin Formosa
- Pauline Lanzon
- Treasurer: Raymond Filletti