In fulfilling its objectives and purposes, the Foundation may carry out any activities permitted by current legislation, especially the following:

• Development, promotion, and dissemination of biomedical research.
• Development, promotion, and dissemination of knowledge about degenerative diseases in general and neurodegenerative diseases in particular.
• Encouragement of interaction between research agents and economic agents to promote the industrial development of activities with high social value and high added value in the field of Biomedicine.

The Foundation is governed by its bylaws and the set of laws detailed below:

1. State Legislation:

Substantive Regime:

• Spanish Constitution (Article 34).
• Civil Code (Articles 35 to 39).
• Law 50/2002, of December 26, on Foundations.
• Royal Decree 1337/2005, of November 11, approving the Regulations of State Competence Foundations.
• Royal Decree 1611/2007, of December 7, on the Registry of State Competence Foundations.

Tax Regime:

• Law 49/2002, of December 23, on the Tax Regime of Non-Profit Entities and Tax Incentives for Sponsorship.
• Royal Decree 1270/2003, of October 10, approving the Regulations for the Application of the Tax Regime of Non-Profit Entities and Tax Incentives for Sponsorship.

Accounting Regime:

• Royal Decree 1491/2011, of October 24, approving the Adaptation of the General Accounting Plan to Non-Profit Entities.
• Resolution of March 26, 2013, of the Accounting and Audit Institute, approving the Accounting Plan for Non-Profit Entities.

2. Regional Legislation:

• Law 2/1998, of April 6, on Canary Islands Foundations.
• Royal Decree 188/1990, of September 19, approving the Regulations for the Organization and Operation of the Protectorate of Canary Islands Foundations.
• Order of April 9, 1986, of the Presidency Department, regulating the Registry of Private Foundations of the Canary Islands.
• Order of April 25, 2005, of the Economy and Finance Department, regulating the rendering of accounts by public ownership Canary Islands foundations integrated into the public sector of the Autonomous Community of the Canary Islands.