In their latest review, “Campagne Focus Finance”, the supplement magazine of the Tribune de Genève, focuses on philanthropy, and more particularly on the alternative of sheltered funds by interviewing Etienne Eichenberger, Chair of Swiss Philanthropy Foundation.
If the foundation sector is in full swing with the creation of a foundation every day in Switzerland, half of them will be dissolved during the same year. Indeed, the daily administration of a foundation is a project that requires resources, time and energy, often underestimated today.
It is in this context that the umbrella foundation finds its place, with the development of the sheltered funds model, which represents for a donor an alternative to the creation of its own foundation allowing them to engage with causes they hold dear, while avoiding the administrative burden involved in running a foundation.
“What we are proposing is an option halfway between giving directly to an association and making one’s own foundation. The donor delegates certain administrative tasks by pooling the costs in large part “explains Etienne Eichenberger, Chair of Swiss Philanthropy Foundation.
To find out more, download the article published in Campagne Focus Finance Magazine , supplement of the Tribune de Genève (4 April 2018) or glance at the magazine online
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