Foundations: Popular Addition To Structuring Opportunities In Jersey

Introduction

The Jersey foundation was introduced in 2009 as a new form of incorporated vehicle. From the beginning, three broad categories of use for the Jersey foundation —for succession planning, as orphan structures for specified purposes and for philanthropy —have been clearly identified and continue to grow and develop, utilising the flexibility offered by the Foundations (Jersey) Law 2009 (the `Law'). Before looking at these, it is, perhaps, helpful to highlight some of the key features of the Jersey foundation and to outline the principal components of its structure, recognising that it is not an exact equivalent or copy of a foundation established in any other jurisdiction.