Organization of philanthropy by constituting charity or cultural foundations Donation management, assistance to foundations
Founders’ asset expertise (taking into account legal and tax consideration related to asset transfers: gifts, donations, legacy.) Expertise in legislation related to non-profit organizations. Advice on elaboration of foundation projects (pooling of competencies of lawyers, notaries, accountants, and bankers); assistance with initial proceedings (relations with consulting professionals, supervisory authorities…).
A foundation as an instrument in wealth management
- Historically and technically a foundation is considered as the dedication of an asset to wider public benefit. The two principal types of foundations are: a “RUP” (independent or administered foundation), and a Corporate foundation.
- Advantages: Long-term expression of a sentiment; activity benefiting the public; an artistic work; optimize tax obligations and preserve assets due to inheritance and asset transfer tax exemptions and to asset management taking advantage of special tax regimes for capital gains (financial and real-estate);
- Examples: tax exemption from financial capital gains, revenues of French companies (SCI, SCPI, Sicav, corporate shares), 10% tax rate for income from bonds….
- Obstacles….but in the interest of the founder/donor: complex legal formalities, state supervision, financial requirements guaranteeing autonomy, independence and permanence.
A TIARÉ GROUPE company