The statute of the Ugo e Olga Levi Foundation

ART. 1
The “UGO AND OLGA LEVI FOUNDATION – CENTRE OF HIGHER MUSIC CULTURE” (non-profit organisation) with the aim of creating and encouraging initiatives to increase musical studies and culture. In order to achieve these objects, the following is proposed:

a) the use of Palazzo Giustinian Lolin in Venice as the venue for advanced music studies and events;

b) the creation of a library and a collection of musical instruments for historical studies on music worldwide, covering all periods and of all forms and genres;

c) the introduction of advanced music courses for young people with outstanding skills, from Italy and abroad, who have graduated from a Conservatory or Music Institute, national or from other countries, at a corresponding level;

d) the organisation of cycles of rehearsals, concerts, conferences, debates and, in general, private or public music events of the highest expression, paying particular attention to performance and composition;

e) the creation and award of scholarships, awards of encouragement or other measures for the pupils of the Benedetto Marcello Music High School in Venice, who show particular talent in composition and have merited help.

The awards will be carried out by a board specially appointed by the founder and, after him, by the Board of Directors. The Foundation will ensure that its work is in harmony with that of other public and private Venetian music institutions. In its name and any distinctive mark or communication for the public, the Foundation will use the phrase “non profit organization of social utility” or the acronym “ONLUS”. As part of the institutional aims stipulated in this statute, the Foundation will follow the exclusive aim of social solidarity in the forms described below. It is forbidden to carry out any activities other than the institutional ones, with the exception of any that are directly connected.

ART. 2
The Foundation will be housed in Venice in Palazzo Giustinian Lolin.

ART. 3
The initial patrimony of the Foundation consists in:
a). the assets left in Olga Levi née Brunner's will, dated 17th November 1958, published in the act dated 11th August 1961, n. 7388 rep. Notary Gian Carlo Venturi;
b) The assets, object of the donation by Dr. Ugo Levi, 14th February 1962 n. 7938 rep. Notary Gian Carlo Venturi;
c) assets acquired following the testamentary succession of Dr. Ugo Levi in his will dated 16th September 1957, published in the deed dated 11th November 1971, nr. 15348 rep. Notary Gian Carlo Venturi.

The Foundation will use the income from the patrimony and any other legacies, bequests, donations, public contributions and any other proceeds that are not expressly destined to an increase of the patrimony. Palazzo Giustinian Lolin is inalienabile. The transformation of other assets in capital of a different nature or their reinvestment in works of restoration and restructuring is allowed as long as it does not exceed 50% of the current value of the patrimony in holding.

ART. 4
The Foundation is administered by (with the constraint that the administrative norms in the current statute be observed)

  • the Founder during his lifetime, after which it will be administered by a Board of Directors composed as follows:
  • The Mayor of Venice or a person nominated by the former:
  • The President – pro tempore – of the Benedetto Marcello Conservatory;
  • The Superintendent – pro tempore – of Fondazione Teatro La Fenice;
  • Two councillors nominated by the Founder, each of whom shall appoint his successor.

Should the President so wish, the Board of Directors may elect up to three more people, each of whom must be able to offer a valid contribution to achieving the Foundation’s objectives. The mandate of each member of the Board of Directors shall last five years; their post is unpaid.

ART. 5
It is the task of the Board of Directors to:
a) nominate its elective members; the President, the Vice-President and a Steering Committee;
b) Approve the budget by November and the final accounts by April;
c) approve the general regulations regarding the use of the Palazzo, regulations for scholarships and anything pertinent to extraordinary administration as well as measures presented by the Steering Committee;

ART. 6
The Steering Committee has all the rights of an ordinary Administration and is in charge of the normal and special revenue, within the limits established by the Board of Directors.

ART. 7
The Founder, followed by the President, is the legal representative of the Foundation. The President puts forward the elective members, the members of the Steering Committee, summons and chairs the meetings of the Board and the Committee, suggesting which subjects are to be on the agenda; carries out the resolutions of the Board and Committee and adopts all appropriate measures in case of emergency, which he then communicates to the Steering Committee.

ART. 8
The Board will usually meet twice a year; it may be summoned under exceptional circumstances following the initiative of the President and when at least two councillors present a motivated request.

ART. 9
Over half the respective members plus one must be physically present if the meetings of both the Board and Committee are to be considered valid. The decisions will be approved by the absolute majority of those present. Should the voting end in a tie, the President’s vote prevails.

ART. 10
The positions of control will be held by three auditors with residence in Venice, one nominated by the Ministry for Cultural Heritage and Activities, one by the President of the Venice Law Court, and the third by the Superintendent of the Venice Revenue Office; their mandate will last three years.

ART. 11
The financial year coincides with the solar year.

ART. 12
As part of the institutional aims stipulated in this statute, the Foundation will follow the exclusive aim of cultural promotion and research, and therefore social solidarity. Any profits or managerial surplus will only be used for the creation of institutional cultural activities. The distribution, even if indirect, of profit, managerial surplus, funds, reserves or capital during the life of the Foundation is forbidden, unless the destination or distribution is made obligatory by law, or is in favour of another non-profit organization that, by law, statute, or regulations, is part of the same, unitary structure. Since the Foundation’s aims are cultural, it falls under the surveillance of the Ministry for Cultural Heritage and Activities.

ART. 13
Should the Foundation become extinct, its patrimony will go to the Ateneo Veneto in Venice, as long as all legal conditions are met. Should this not be the case, the Foundation’s patrimony will go to other non profit organizations of social utility or public utility, following the agreement of the regulatory body in art. 3, paragraph 190, of Law 23 December 1996 no. 662, unless the law ordains otherwise.