We established a family foundation aimed at supporting a large family of around 40 members. A key objective of the foundation was to create a scholarship fund for less affluent family members while ensuring that the beneficiaries retained maximum control over the foundation.
We designed a foundation structure that gives beneficiaries control over its operations while providing support for less affluent family members. We introduced governance rules that ensured an equal distribution of voting rights across different branches of the family, as well as conflict-resolution mechanisms to guarantee stability and fairness in decision-making. We set investment restrictions, along with detailed rules for the functioning of the management board and supervisory board, to ensure that the foundation operated in line with the interests of all beneficiaries. In addition, we secured tax compliance for both the foundation and its beneficiaries and prepared guidelines for accounting and mandatory audits.