Philanthropy a growth area

Business | Published:

GUERNSEY is becoming an increasingly popular choice for structuring for philanthropy and charitable giving.

Natasha Kapp, partner at Carey Olsen’s trusts and private wealth group in Guernsey.

Law firm Carey Olsen has been involved in setting up a substantial philanthropic foundation holding shares in a client family’s multi-billion dollar, multinational business, and is now working on a similar structure for a Chinese ultra high net worth individual.

At its autumn trusts conference, the firm said that philanthropy could be a sizeable new stream of business for the legal sector.

‘Guernsey was chosen for the establishment of the foundation following a long and thorough review of various jurisdictions,’ partner Natasha Kapp, pictured, told the conference of the recent deal.

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