Individual support for your foundation

For long-term and secure succession planning. A foundation can be set up to prevent a splitting up of the family assets, which is important particularly in the case of family-run companies. However, a foundation can also take over the function of a stable core owner (core shareholder) of companies. And it can be used to care for family members or third parties. A foundation declaration can thus be configured, for instance, as an inter-generational contract. Last but not least: A foundation can of course also serve a charitable or benevolent purpose.

This question cannot be answered in general terms. For first it has to be determined what purpose (own purpose / charitable) the foundation should serve and then after that what type of foundation (Austrian private foundation, federal foundation, etc.) is to be set up. The setting up of a foundation for one’s own purposes can make sense from assets of around 5 million euros or more, whereby set-up costs and ongoing costs should always be taken into account. The set-up of a federal foundation, which is possible for charitable or benevolent purposes only, can, however, also make sense with substantially lower assets.

Here, it is about general initial information on various topics relating to the set-up of a foundation: What types are there? Which one is suitable for this purpose? What all has to be considered and done before a foundation can be set up?

Here too, the following applies: It must always be taken as an individual basis what type of foundation is involved and what purpose the foundation pursues. The foundation declaration always forms the framework here. This usually defines the route that can be taken with the foundation.