Jersey foundations
Produced in partnership with Mr David Dorgan

The following Private Client practice note produced in partnership with Mr David Dorgan provides comprehensive and up to date legal information covering:

  • Jersey foundations
  • What is a Jersey foundation?
  • Use of foundations
  • Asset protection/succession planning
  • Maintenance of corporate control
  • Ownership of private trust companies
  • Tax and/or estate planning
  • Charitable and philanthropic purposes
  • Foundation documents
  • Regulation and incorporation
  • More...

Jersey foundations

For general information about Jersey, see Practice Note: Private Client jurisdictional guide—Jersey [Archived].

What is a Jersey foundation?

The foundation is a civil law concept and is a creature of statute under Jersey law introduced by the Foundations (Jersey) Law 2009 (as amended) (Law).

A foundation can best be described as a hybrid having the characteristics of a company, but operating for a similar purpose to that of a trust. It is similar to a company in that it has separate legal personality and has a council to administer its business, just like a board of directors. However, unlike a company, a foundation does not have shareholders and, unlike a trust, there are no beneficiaries who have an interest in the foundation’s assets or who are owed a fiduciary duty. Consequently, a foundation does not have any owners and is regarded as an ‘orphan entity’.

Use of foundations

A Jersey foundation can be utilised for virtually any legal purpose, save for two which are specific to Jersey’s public policy and jurisprudence. Typical uses of foundations include:

Asset protection/succession planning

Families looking to ring-fence certain assets or wishing to avoid forced heirship rules and making provisions for how family wealth should be disseminated.

Maintenance of corporate control

Family businesses are often lead by elder members of the family and it can be beneficial for succession planning purposes to ensure the continuity of the

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