The Klement Foundation
On August 8, 1938, the Václav and Antonie Klement Foundation was established in Mladá Boleslav. The couple did not have children, so it was children who were foremost in their minds. Funds were established within the foundation, each with a different purpose and a different amount of money allocated to it. There were eight funds in total, and the total amount donated reached 1,350,000 Czechoslovak crowns.
Just to illustrate, let us mention three funds. The first is fund B, which was intended to support gifted students from the Velvary district, with a subsidy of CZK 100,000. Fund H was intended for the maintenance of a hospital with an amount of CZK 200,000, and the largest donation was received by the last fund, L, intended "to support poor students from the districts of Slaný, Kralupy nad Vltavou, Mělník, Mnichovo Hradiště, Turnov, Semily, Jilemnice, Nová Paka, Hořice, Jičín, Nymburk, and Poděbrady, receiving CZK 400,000, to be used as scholarships for poor students from the aforementioned districts."
Decisions about recipients were made by the Foundation’s advisory board, which also oversaw fund management. The board consisted of 14 members, with at least two-thirds required for a quorum to be reached. The foundation was also designated as the beneficiary of proceeds from the sale of Klement’s house or the repayment of any personal loans he had extended.