In the Dutch Civil Code Book 2, Article 285-307, a foundation ('stichting') is defined as 'a legal person created by a legal act which has no members and whose purpose is to realise an objective stated in its statutes using capital allocated to such purpose'. Dutch Endowment Funds can also have the form of an association ('vereniging') - in accordance with the Dutch Civil Code Book 2, 26-52. Besides, foundations and associations can have the ‘ANBI’ fiscal status, if they spend 90% of their resources on the public good.