what is a trust and foundation
A foundation (also a charitable foundation) is a legal category of nonprofit organization that will typically either donate funds and support to other organizations, or provide the source of funding for its own charitable purposes. Foundations incorporate private foundations and public foundations.
The Main Differencesâ¦ The most obvious differences between an offshore trust and an offshore foundation are: 1  A trust is a âjudicial actâ which establishes an agreement between the settlor and the trustee regarding the care of his assets.