Legal Basis

CORE Academy is an independent, not-for-profit institution incorporated in Hong Kong as a company limited by guarantee. The Academy operates autonomously and on a non-governmental basis in accordance with its Articles of Association, regulations, charitable purposes, and applicable law.

Headquartered in Hong Kong and international in scope, the Academy may also support or work through laboratories, research centers, representative offices, branches, affiliated entities, or other collaborative platforms established in different jurisdictions, where appropriate and in accordance with local law and the Academy's governing arrangements. The precise legal form of any such entity or platform depends on the law and institutional arrangements of the relevant jurisdiction and may, where applicable, involve distinct legal structures, governance arrangements, operational mechanisms, or funding models.

The Academy operates on a not-for-profit basis, and its income and assets are applied solely in furtherance of its institutional purposes and in accordance with its governing instruments and applicable law.

Funding

The Academy's operations are supported by donations, grants, membership subscriptions, programme income, and other lawful sources of revenue consistent with its mission and governing instruments.

Other sources of support may include:

1.      membership fees, annual subscriptions, and other related fees payable in accordance with the Academy's regulations;

2.      donations, gifts in kind, grants, and other voluntary contributions from individuals, foundations, associations, societies, and other organizations;

3.      income from publications, lectures, conferences, exhibitions, and other academic, cultural, or fundraising activities;

4.      income from commissioned projects, contractual work, or services that are consistent with the Academy's purposes and applicable law;

5.      income from affiliated or related entities, where lawfully received and applied in furtherance of the Academy's charitable or institutional purposes;

6.      other lawful income not inconsistent with the Academy's objects and applicable law.

All funds and assets of the Academy shall be applied solely toward the furtherance of its institutional purposes. The acceptance or source of funding does not determine the Academy's academic procedures, fellowship standards, or institutional independence.