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Foundations

A Private Foundation is a form of legal entity, which acts like a Trust and operates like a Company, but without members or shareholders.

A Foundation is generally used to protect the wishes of the Founder who can be an individual or corporate entity. The assets held by the Foundation form a separate estate from the Founder's personal assets for all legal purposes.

Generally, a Foundation is not used for trading or commercial activities in its own right, though it is common for it to have an underlying company to carry out non-habitual trading or investment activities.

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On a recent transaction we worked closely with IQE to set up and run a corporate structure to facilitate a new residential development in London. We found the IQE team responsive and proactive. It was clear that their property experience added value and understanding of the clients’ requirements on the project. Christine Jackson, Partner, Real Estate Group, Lawrence Graham LLP

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