Press reviews
In a special article in the October 2017 La Revue Fiscale du Patrimoine, Xavier DELSOL describes the various benefits brought by outsourcing corporate philanthropy to an endowment fund
In a special article in the October 2017 La Revue Fiscale du Patrimoine, Xavier DELSOL describes the various benefits brought by outsourcing corporate philanthropy to an endowment fund
Using an endowment fund for corporate philanthropy has become increasingly frequent. In a special article in the October 2017 issue of La Revue Fiscale du Patrimoine, Xavier Delsol explains the terms and benefits of this legal structure, which, in the opposite direction, can also be the company’s majority shareholder.
In its October 2017 issue, La Revue Fiscale du Patrimoine publishes an analysis of endowment funds by Xavier Delsol, a partner in the "Not-for-profit Organizations" department. Xavier DELSOL defends the thesis of a virtuous association between the company and its endowment fund, two structures with however very different ends. The flexibility of the constitution and operation of an endowment fund make it an "appropriate philanthropic vehicle" for companies in relation to structuring their operational or redistributive philanthropy. But in the opposite direction, an endowment fund can also become the company’s main or majority shareholder, when securities are given or bequeathed to it by shareholders, thus guaranteeing the long term future of both the company itself through more independent governance, and social action then funded by the dividends paid. Starting from the legal nature of the fund, Xavier Delsol explains the mutual benefits - be it in terms of corporate responsibility (CSR), funding for the endowment fund, or the sustainability and stability of the company’s share ownership - that each of these structures bring.