Marie Anouk: When is a foundation appropriate, and when an association?
Antoine F. Goetschel: A foundation makes sense when substantial assets — foundations below roughly one million make little sense, given legal fees, accounting costs and bank charges — are to be devoted to a good purpose: animals, children, arts and culture, the environment. Whether the assets are to be deployed in a single tranche, gradually over 10 or 20 years, or in perpetuity. An association brings people together for a shared purpose — I am in a choir, we form an association; through membership fees we pay the choirmaster and can afford musicians for concerts. Bringing people together around an ideal purpose — animals, culture, sport — under a charitable aspect. There are grey areas. My rule of thumb: a foundation suits large capital deployed for a specific purpose, where the founder's will stands centre stage. Often, too, a large grant to an existing foundation under specified conditions suffices to fulfil the same goal.