Olga und Hermann Schmid Stiftung

The purpose of the foundation is financial aid and training contributions for worthwhile projects. The purpose of the foundation is to use the foundation capital to grant financial aid in the form of interest-bearing and repayable loans to private individuals and thus to enable the purchase of owner-occupied first homes, sensible and necessary construction projects on properties already owned by the borrower or business takeovers that would not be possible without the financial aid would come about. The individual loans are granted for a fixed period of five years at the interest rate negotiated by the borrower with the financing bank for their first mortgage for residential buildings and can be extended if there is a proven need. They are to be secured with property liens registered on the foundation. The foundation's assets, including the land, are to be preserved. The income generated from the foundation's assets, less the foundation's administration costs, are paid in the form of financial contributions à fonds perdu of up to CHF 100.00 per beneficiary and year to education, sports, etc. by children and young people whose parents do not provide the financing or only with difficulty can muster aligned. In particular, contributions are to be granted for: music lessons, rental of instruments; Sports training and purchase of specific sports equipment; swimming lessons; Useful activities to organize leisure time (holiday pass, scout, etc.); Camps and project weeks offered by the schools (country school weeks, ski camps, etc.).