Law No.25 of June 12 of 1995, regulating Private
Interest Foundations in Panama, indicates that
it cannot be profit oriented, although it may
perform certain non-usual commerce activities
when such acts are convenient or advantageous
to the foundation, and only if the proceeds
of such activities are dedicated exclusively
to achieving the objectives of the Foundation.
For example, the foundation can sell its assets
(this is considered a non-usual activity). It
can also undertake banking and investment activities
as long as the proceeds of these activities
are specifically to pursue the foundation's
objectives.
