Some claim total independence but more than half of corporate foundations source trustees from the founder company. Trusts, Foundations & Companies KENDRIS establishes, manages and administers trusts, foundations and various forms of companies in Switzerland and abroad. Trusts, companies and foundations can be effective vehicles to achieve private wealth management and succession planning objectives. company. The funds are used primarily to foster the Company's connection with the iron and steel trade. The Ironmongers' Foundation (formerly Quincentenary Charitable fund) was established in 1963 to mark the 500th anniversary of the granting of the Company's charter by King Edward IV. The Trust Company, part of Perpetual, provides a range of financial and trustee services across the personal wealth management, philanthropic and corporate sectors. The Foundation Trust holds the endowment, including the annual installments of Warren Buffett’s gift, and funds the foundation. Our experts have in-depth experience with the structuring and administration of a wide range of assets, such as: The trusted solution in wealth structuring A comparison between trusts and foundations www.nerine.com Feature Trust Foundation Legal personality The trust has no separate legal personality and so cannot sue or be sued – that right vests in the trustees. With the introduction of foundations there is now a choice between PTCs and private trust foundations (“PTFs”) to act as trustee. Foundations have separate legal personality and it is the foundation itself that can sue and be sued. A foundation (also a charitable foundation) is a category of nonprofit organization or charitable trust that will typically provide funding and support for other charitable organizations through grants, but it may engage directly in charitable activities. This briefing note considers key issues relating to the establishment and use of a PTC or a PTF in the context of private wealth management. Registration There is no …

A Foundation Company has features and flexibility that have been designed to allow a company, retaining separate legal personality and limited liability, to function like a civil law foundation or common law trust. It depends on donations from the Company and its freemen, industry and the public. Bill and Melinda are the trustees for the Foundation Trust, and the endowment continues to be managed, as it has been for more than 10 years, by a team of outside investment managers. References to “PTVs” are to both PTCs and PTFs.


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