PHILANTHROPY & IMPACT
Family Foundation Advisory
A family foundation can provide continuity, governance, and institutional discipline to a family’s philanthropic activities. It can also create a shared platform through which generations participate in a common purpose.
Establishing a foundation requires more than forming a legal entity. Families must consider purpose, jurisdiction, governance, funding, tax treatment, administration, grant-making, succession, and long-term operating capacity.
L’Heritage helps families assess whether a foundation is appropriate and coordinates the design, establishment, governance, and ongoing administration with qualified legal, tax, and philanthropic advisers.
Areas of focus
- Foundation purpose and mission
- Jurisdiction and legal structure
- Governance and board composition
- Endowment and funding policy
- Grant-making and operating procedures
- Generational participation and continuity
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OUR APPROACH
What the advisory may include
- Foundation Feasibility Review — Assess whether a standalone foundation is appropriate compared with direct giving, donor-advised arrangements, trusts, or other philanthropic vehicles.
- Purpose and Mission Development — Define the foundation’s charitable objectives, intended beneficiaries, geographic reach, and long-term mandate.
- Jurisdiction and Structure Assessment — Coordinate legal and tax review of suitable foundation, trust, company, or charitable-entity structures.
- Governance Design — Establish board roles, family representation, independent participation, committees, reserved matters, and decision-making procedures.
- Endowment and Funding Framework — Determine how the foundation will be capitalised and how annual spending, reserves, and investment assets will be managed.
- Grant-Making Procedures — Develop application, due-diligence, approval, disbursement, monitoring, and renewal processes.
- Family Participation Policy — Define how family members may join the board, nominate projects, undertake site visits, or participate in programme oversight.
- Administration and Compliance Coordination — Coordinate filings, accounting, audits, governance records, reporting, banking, and professional service providers.
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Strategic Insight
Comparison
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Our Advisory Process
How L’Heritage Turns Complex Wealth into a Workable Plan
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FAQ
All You Need to Know
About Philanthropy & Impact
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Services
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