Our procedures, in detail

• The Founder transfers his donation to the Fondation de Luxembourg.
• In parallel, he signs an agreement with the Fondation de Luxembourg ensuring that he retains control of this donation; in other words, he is assured of complete control over the Sheltered Foundation created in this way.
• A Management Committee (equivalent to a Board of Directors) is then set up. This Committee consists of the founder (possibly several persons in the case of a company foundation) who will be assisted and advised in decisions relating to the management of his foundation by a representative of the Fondation de Luxembourg and an independent member, generally an expert in the particular activity area of the Sheltered Foundation.
• This Management Committee will validate the decisions to be taken on the management, investment policy and projects to be supported by the Sheltered Foundation.
• The assets of the Sheltered Foundation are retained and managed by a bank of the donor’s choice.
• The donor may at any time call upon the expertise of the Fondation de Luxembourg for advice about his foundation.
• The Fondation de Luxembourg can provide communication and marketing services for the Sheltered Foundation.
• It may also call upon experts in the sector supported by the Sheltered Foundation who may exchange views with the founder and help to optimise his approach to the supported projects.