What is a Council ?

A Council is a management committee appointed by Charter at the registration of a Private Interest Foundation to:

 

  1. Accept a transfer of property at the request of the Founder on behalf of the Foundation; and
  2. Manage the Foundation and its assets for the benefit of the beneficiaries in accordance with the terms of the Charter and regulations.

 

In certain jurisdictions (such as Seychelles and Panama) the role of a Council may be undertaken by a sole Councillor