Stiftelseskapital

English translation: founding capital

16:13 May 20, 2017
Norwegian to English translations [PRO]
Bus/Financial - Accounting
Norwegian term or phrase: Stiftelseskapital
This is a heading in the debt and equity section of the balance sheet of a not-for-profit foundation. The figure doesn't appear to have changed from one year to the next and I wonder whether it might be a foundation's equivalent of share capital. But I've never encountered this before and can't find the term in any of my financial dictionaries. Grateful for any advice.
Ms D L Moffatt
Norway
Local time: 04:08
English translation:founding capital
Explanation:
basic

--------------------------------------------------
Note added at 2 hrs (2017-05-20 18:41:31 GMT)
--------------------------------------------------

Like it or not, that is the official term used in the Norwegian Foundations Act etc.
The term "foundation capital" is equally difficult, having been misused as a financial term for for-profit businesses
"Endowment fund" is perhaps a better way to describe capital used to start a foundation, but in the Norwegian context - probably a bank - founding capital works best?
Selected response from:

jeffrey engberg
Norway
Local time: 04:08
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4founding capital
jeffrey engberg


Discussion entries: 1





  

Answers


4 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
founding capital


Explanation:
basic

--------------------------------------------------
Note added at 2 hrs (2017-05-20 18:41:31 GMT)
--------------------------------------------------

Like it or not, that is the official term used in the Norwegian Foundations Act etc.
The term "foundation capital" is equally difficult, having been misused as a financial term for for-profit businesses
"Endowment fund" is perhaps a better way to describe capital used to start a foundation, but in the Norwegian context - probably a bank - founding capital works best?

jeffrey engberg
Norway
Local time: 04:08
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Notes to answerer
Asker: Thanks very much for this answer!


Peer comments on this answer (and responses from the answerer)
neutral  Leif Henriksen: Close, but maybe no cigar, Jeff? I would say that this is the "egenkapital for en stiftelse", not the founding capital for an enterprise like "aksjeselskap". Maybe "foundation capital" would be more appropriate?
1 hr
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:

Your current localization setting

Norwegian

Select a language

Term search
  • All of ProZ.com
  • Termsøk
  • Jobber
  • Forumer
  • Multiple search