foundation is a legal entity combining the benefits of a company and a trust.
Since a foundation has a separate legal existence, they are recognised by
jurisdictions that do not recognise trusts, making it a useful planning tool.
Foundations have a wide variety of uses including estate planning to preserve
wealth and confidentiality, asset protection, to take care of persons with
special needs, to manage distribution to beneficiaries, philanthropic purposes,
tax planning or to hold shares in companies.