The Difference Between a Trust and Foundation

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A foundation is the dedication of property for a specific purpose. It can be established by individuals or other legal persons (such as companies) and has the benefit of its own legal personality. A foundation is created by the transfer of assets by the founder to achieve a specific purpose or purposes

A trust is an arrangement whereby a person “the settlor” transfers the legal title of assets to another person “the trustee” so that they can be used to benefit other persons. The trustees must hold the assets for the persons named as the beneficiaries or for the achievement of a specific purpose (Purpose Trusts).

Wondering more? In this video, Rusudan, our chief financial officer, explains all the differences and benefits between a Trust and Foundation.

00:00 Start
0:30 Trust Definition and Meaning
2:44 Trusty Definition and Meaning
4:07 Foundation Definition and Meaning

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