Youth Foundation under the President of the Republic of Azerbaijan is a legal entity which is a non-profit organization ensuring stimulation of activities in the sphere of science, education, culture and other social fields concerning to the youth policy.The Foundation functions prior to the Constitution of the Republic of Azerbaijan, laws of the Republic of Azerbaijan, decrees and orders of the President of the Republic of Azerbaijan, decisions and decrees of the Cabinet of Ministers of the Republic of Azerbaijan, international agreements that the Republic of Azerbaijan adheres and this Regulation.The Foundation functions in cooperation with government and local self-government bodies,mass media, non-governmental organizations and international organizations.The Foundation has an independent balance, a state property, treasury and bank accounts, a seal on which the image of the State emblem of the Republic of Azerbaijan and its own name are engraved, relevant stamps and blanks.
Maintenance costs and activities of the Foundation are financed at the expense of means of the state budget of the Republic of Azerbaijan, extra-budgetary funds, credits and grants, donations and other legal funds.