Legal and fiscal developments

Changes to Jersey law will allow establishment of mixed foundations free of UK mainland charity regulation

1 July 2009
www.alliancemagazine.org

As a result of legislative changes in the Channel Island of Jersey, from this month, philanthropists will now be able to set up a foundation with a mixture of charitable and non-charitable purposes, free from UK mainland charity regulation. Jersey foundations will have features of both corporations and trusts. They will have to be registered in Jersey, will be subject to Jersey law and will have to have at least one Jersey resident on their council of members.

Full text available to subscribers only