Episode 10 – Foundations & Funds: Similarities & Differences
In our tenth episode, Gail Goring, Head of Regulations & Compliance at Re/think, joins Managing Partner Yann Mrazek to discuss the similarities and differences between Foundations and Funds, as well as their use in practice.
Key Takeaways
Nuts and Bolts to Foundation & Funds:
Depends on your objectives i.e.
- If there are a high number of investors pooling their money then – go with FUNDS / If family money only – go with a FOUNDATION
- If you are seeking diversification of investments and interested in certain types of assets – go with FUND / If looking to protect your own assets – go with a FOUNDATION
- As a primary investor who does not mind not having day-today control and having a regulated Fund Manager and Administrator to administer over the assets – go with FUND / If the preference is legacy planning via independent control – go with a FOUNDATION as it will have a Council (like a Board of Directors) to administer over the assets with the ability to have Guardian and reservation of rights by the Founder.
