| Types of Foundation | |
| There are three main different types of Foundation set up, as outlined below: | |
| 1. | Independent Foundation |
| This type of Foundation Set Up is where the funds are derived from an individual or a family, and is the most common type of private foundation. This type of Foundation Set Up may be administered by the donor or members of the donor's family, or by an independent board, making it one of the easiest Foundation Set Ups because of the minimal number of people involved in its operation. | |
| 2. | Corporate Foundation |
| This type of Foundation Set Up is formed and funded by corporations, but is a separate legal entity which has a Board of Directors usually made up of officials from the corporation. A corporation may embark on Foundation Set Up with endowments or from periodic contributions from profits, or both. | |
| 3. | Operating Foundation |
| This type of private Foundation Set Up has its prime objectives of research, welfare, or other programs stated in its governing body. Most of the funds go towards these primary activities, though grants can be made to pursuits outside the primary activities. | |
| Contact Us | |
| For more information on Foundation Set Up, please email email@healyconsultants.com or telephone us at (+65) 6735 0120. | |
| Back to Setting Up a Foundation page. | |