Jersey has been leading the way in providing attractive and flexible charitable and non-profit vehicles for philanthropic purposes. It has a strong reputation as one of the leading trusts jurisdiction as well as flexible companies legislation, one of the widest available arrays of partnership structures and a popular and innovative foundations law.Jersey is an ideal jurisdiction in which to establish tax-efficient philanthropic structures. The same benefits that Jersey can offer to facilitate global capital flows arising from business and commerce – tax neutrality, security, expertise and experience, reputation – can and are being applied to philanthropic enterprises and distributions.
The trust law in Jersey allows for a range of structures that can be can be adapted to suit specific philanthropic objectives, offering a degree of flexibility – the ‘Charitable Trust’ being a particularly attractive option. Meanwhile, Jerseys ‘Non-charitable Trusts’ can also be used to focus on areas that may not be strictly defined as ‘charitable’ but may nevertheless be altruistic in nature – for humanitarian, ecological or research causes, for instance.
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