The work of foundations is becoming increasingly important throughout Europe in almost all areas of society. For this reason, foundations are currently experiencing an undreamt-of revival on the national level, which has led to a variety of law reform projects which will further promote the emergence and work of foundations. The reform projects, however, are often missing a dimension that extends beyond national borders. The aim of the present work is to make a contribution towards the discussion of the introduction of the set of regulations for a European foundation in the European legal area. The possible tasks and functions of such a set of regulations and its adaptation to the European legal context are demonstrated, and suggestions for the legal form of the set of regulations are elaborated.