Support in setting up a foundation

If you are considering philanthropy or you are already involved in setting up a foundation, the first thing you need to do is identify which type of foundation is best suited to your unique aims and ambitions. There are many different types of foundation and each offers different advantages and disadvantages. Our goal is to work with you to find the right solution for you.

HOW WE HELP YOU SET UP YOUR OWN FOUNDATION

Type of foundation

Choosing a type of foundation depends on your aims and your specific starting position. We provide comprehensive and transparent advice on the advantages and disadvantages of each type of foundation.

Type of foundation

Establishing a foundation during your lifetime is especially exciting as you can make an impact yourself and the foundation will live on in its own right. You can also make plans for a foundation to be established at the time of your death, provided that you complete all the necessary steps during your lifetime.

Support with initial challenges

Depending on the type of foundation, it can be difficult to implement subsequent requests for changes. That is why we recommend establishing your foundation with professional support. We can help you prepare all the necessary documents for your foundation.

Process for establishing a foundation

Depending on the type of foundation, you may be required to complete a lot of documents to establish your foundation. We can help you with all the formalities and, if requested, also hold some initial discussions with the supervisory and tax authorities.

THE PATH TO YOUR OWN FOUNDATION

All of the most important enquiries and evaluations relating to setting up an independent foundation must be completed prior to starting your foundation. Costs should be proportional to the size of the foundation and sufficient assets should be available for the foundation to fulfil its purpose and achieve its long-term goals using capital and income.

1. Decision to establish an independent charitable foundation

If you decide to set up an independent foundation, there are many things you need to take into account during the establishment process.

2. Purpose of the foundation

You make a binding decision that the foundation will have a charitable purpose.

3. Foundation documents

Creating the deed of foundation is vitally important. You may also be required to prepare other documents, such as the foundation, investment and fee regulations.

4. Foundation location and supervisory authority

You choose the location of your foundation and the supervisory authority. This may vary depending on the foundation’s activity.

5. Preliminary examination

The deed and any regulations that have been drawn up are subject to a preliminary examination. The foundation’s tax-exempt status will also be checked.