Annual Report 2018 Annual Report 2018 - Page 4

The Baylor Black Sea Foundation has been recognized the public utility status by the Romanian Government The Baylor Black Sea Foundation carries out, according to its statutory provisions, activities of public interest within the sphere of competence of the Ministry of Health. By adopting the Decision 720/2018, the Romanian Government acknowledges the fact that Baylor distinguishes itself through the services the Foundation provides for the community. The 4 public utility status, in the meaning given in the Government Enactment 26/2000, aims at achieving beneficial goals in areas of interest of the general public and/or serving the community interest. The public utility status is a prerequisite for the Baylor Black Sea Foundation to persevere in carrying out the programmed actions at a superior level.