Foundations and Trusts are both legal entities that are used to
manage assets and provide financial support for specific
individuals or organizations. However, there are some key
differences between the two that should be considered when deciding
which one is best for a particular situation.
One of the main differences between Foundations and Trusts is
their structure.
Structure of Foundations
Foundations are not permitted to conduct commercial profit
generating activities and are governed by a Council of Members (the
equivalent to a Board of Directors). They are often established for
a specific purpose or goal (i.e. the protection and further
investment of assets or to ensure the family business is protected
following the death of the founder) and are typically funded by a
single individual or family.
