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ARTICLE · 08 JANUARY 2015

Jersey Foundations

Carey Olsen
Carey Olsen
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The Foundations ( Jersey) Law 2009 (the "Law") introduced a new type of entity, the foundation, into Jersey’s legal landscape in 2009.

JerseyCorporate/Commercial Law
Carey Olsen
Carey Olsen
Keith Dixon
Keith Dixon
Stephen Fitzgerald
Stephen Fitzgerald
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Siobhan Riley
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The Foundations ( Jersey) Law 2009 (the "Law") introduced a new type of entity, the foundation, into Jersey's legal landscape in 2009. This note is a brief summary of the Law.

Jersey Foundations

A foundation is similar to both a company and a trust in some respects. It resembles a company in that it is a body corporate (albeit one without shareholders) and is governed by a council in accordance with its charter and regulations in much the same way that a company is managed 
by its board of directors. It is akin to a trust in that a foundation must have one or more objects which may be a purpose (charitable or non-charitable) and/or be for the benefit of one or more beneficiaries.

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