-
Views
-
Cite
Cite
In brief, Trusts & Trustees, Volume 29, Issue 6, July 2023, Pages 445–449, https://doi.org/10.1093/tandt/ttad058
Close - Share Icon Share
Extract
Editorial
The Liechtenstein Anstalt—the legal chameleon’s mystery unveiled
Johanna Niegel
Just like the Liechtenstein foundation, the anstalt is a true legal chameleon among the Liechtenstein company forms, fulfilling purposes that range from those commonly pursued by corporate bodies to purposes pursued by private foundations. This year’s editorial explains and contrasts the basic concept of the Liechtenstein anstalt, which more often than not puzzles domestic and international practitioners alike, and points out why the correct classification of an anstalt is essential.
General Section
Organizing family philanthropy: mobilizing resources and setting up governance for impact
Etienne Eichenberger, Malgorzata Smulowitz and Peter Vogel
Based on their research and experience, the authors find that “best practice” philanthropists adopt a pragmatic and rigorous approach to organizing their philanthropy. That is, they tend to run their philanthropic organizations as efficiently and effectively as possible, with clear structures, roles and responsibilities, as well as goals. The total resources and engagement of a family and wider network determine the setup and governance of one’s giving. In this article, the authors show how philanthropic families can organize their resources and governance to achieve the desired impact across generations. The authors conclude that mobilizing resources and structuring governance in a harmonized and holistic way helps philanthropists to achieve their desired impact.
