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Charity and Philanthropy
Uses of Jersey Foundations: The conduct of charitable and philanthropic activity
One of the reasons that the Jersey Foundation was introduced in 2009 in Jersey was to provide a suitable corporate vehicle to conduct high value, unlimited duration philanthropic projects.
Two recent examples of this include:
- A Jersey Foundation was incorporated to acquire and retain large tracts of rainforest in various parts of the world to protect these areas from deforestation in order to safeguard an "oxygen lung" for the future of the earth.
- A Jersey Foundation was incorporated to own, develop and maintain the community use of property in African states and to offer educational scholarships to promising local village students. A further purpose was to encourage such students to teach useful skills to neighbouring communities which they, in turn, can pass on to their respective neighbouring communities.