The Key Difference Between a Foundation and a Trust
The main difference between a Foundation and a Trust is that a
Foundation is a legal entity and owns its assets in its own right
as opposed to a Trust, where the assets are legally owned by the
Trustees, who hold them for the benefit of the Beneficiaries under
the terms of a Trust Deed.
A Foundation creates a separate legal entity with its own legal
personality, distinct from the Founder(s), Council or
Beneficiaries. A Foundation has a number of characteristics that
are similar to those of a company having a separate legal
personality and a management board known as a Council. However,
importantly, it is entirely independent and has no shares and no
members, nor any concept of share capital.
