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Foundations and their use in Jersey

Professional Development

Overview

This course introduces foundations. The course will examine the origin of foundations and why they are a recent and new structure now available in Jersey. It will compare foundations to trusts, and detail the incorporation of foundations in Jersey. The entities involved and the ongoing administration will be covered, together with the diverse uses including charitable.


Suitable For

New entrants into the industry, junior administrators.

2 CPD hours
Jersey

This course has already run and a new date has not yet been scheduled. Please contact us to register your interest.

Learning Outcomes

Having attended this course, delegates will:

  • Be able to explain the difference between a trust, a company and a foundation.
  • Be able to outline the procedures used to incorporate a foundation in Jersey
  • Be able to describe the varied uses of foundations in Jersey

SESSION CONTENT

  • New developments: Jersey Foundations
  • The origin of foundations
  • Comparing a foundation to a trust and a company
  • What is a Foundation and its key features
  • An outline of incorporation
  • The Parties
  • Charter and regulations - what information is publicly available
  • Administration - what can and can't be done, what should be done
  • Uses of foundations including charitable
  • Why a foundation may be a better choice than a trust or a company in certain situations