Ogier advises on one of the first Guernsey Foundations

Three foundations were registered upon the opening of the Guernsey Foundations Registry at 00.01 yesterday including the Ogier Active Foundation by Ogier.

The Ogier Active Foundation has been established by Ogier to fund sports and social events for staff.  Every year, a number of events are organised by Ogier's in-house sports and social committee, many of which involve fundraising elements.  Any funds that are raised are donated to Ogier's Charity of the Year (elected by the staff of Ogier each year), based in Guernsey.  The staff of Ogier have been extremely generous raising over £55,000 in the last few years and are already organising a number of great events for 2013.  Funds raised this year are due to benefit The Guernsey Women's Refuge, which is the charity Ogier staff nominated for 2013.

Managing Partner William Simpson said "We are very excited to have registered one of the first Guernsey foundations under the Foundations (Guernsey) Law, 2012.  The Law represents an exciting new development in Guernsey's private wealth and estate planning services and we anticipate that foundations will be of interest to existing as well as new clients, particularly those in 'emerging markets.'  We are even more pleased that the foundation we have registered will benefit the staff of Ogier and ultimately assist Ogier in making a positive contribution to Guernsey."

Read our briefing on the Foundations (Guernsey) Law, 2012.