Establishing a foundation, making a donation, sponsoring … What do these terms actually mean? And what are the key differences? The world of foundations is characterised by a multitude of terms, whilst at the same time alternative forms of foundations are becoming increasingly prevalent in today’s (foundation) landscape: this leads to confusion and numerous myths, such as the idea that foundations are only for the rich who want to save on tax. Ernst G. Wittmann is a qualified financial analyst and a long-standing foundation manager; he has been Head of Foundation Administration at LMU Munich since 2015 and has many years’ experience in a leadership role in the field of foundation consultancy. In this book, he provides an introduction to the world of foundations, which can also serve as a ‘foundation compass’ for day-to-day foundation work. It is aimed both at those interested in the world of foundations and at everyone involved in day-to-day foundation work, from foundation founders to potential donors. It features numerous practical tips, case studies and knowledge boxes to provide food for thought for day-to-day foundation work.
By Ernst G. Wittmann & Carsten Seip
FinanzBuch Verlag
Hardback, 272 pages
Published: December 2023
ISBN: 978-3-95972-463-0