In this article, we give a brief overview of the foundations of Guernsey and its role in the private sector. We are examining some of the issues that will be of interest to those wishing to establish a Guerniay Foundation, including issues of control and confidentiality. Foundations are a key part of our legal framework and a key reason for the entry into force of the "foundations" in the Guernsey Act to protect and preserve private and family wealth. The Guernsey Foundation is an independent legal structure and not a hybrid of the two, but has many similarities with both types of foundation. It shares the registered status of a private company and the beneficiaries who may have access to the same assets and liabilities as of the company itself. This may appeal to people familiar with civil law and foundations, as many of these characteristics are common between these types of foundations. Endowments are not taxed in the same way as companies are taxed, i.e. tax revenues from...