30.11.2022
In manager magazin, dtb partner Bertold Schmidt-Thomé talks about Yvon Chouinard's entrepreneurial commitment. He transferred all his shares in the outdoor and clothing giant Patagonia, worth around 3 billion US dollars, to a foundation for the protection of the environment. He and his family thus lose access to the company shares.
As an expert in foundation law and corporate succession, Schmidt-Thomé has a lot of experience in designing hybrid foundation models that combine charitable and private purposes. One possible approach is the double foundation, in which entrepreneurial control remains with the family and yet a charitable foundation does good.
Schmidt-Thomé, a foundation expert, has considerable tax advantages in mind here. At the same time, however, he points out that a charitable foundation is designed for perpetuity. Entrepreneurial flexibility, as often required by the market, cannot be created with the means of German foundation law. Schmidt-Thomé sees a need for political action here.
30.11.2022
In manager magazin, dtb partner Bertold Schmidt-Thomé talks about Yvon Chouinard's entrepreneurial commitment. He transferred all his shares in the outdoor and clothing giant Patagonia, worth around 3 billion US dollars, to a foundation for the protection of the environment. He and his family thus lose access to the company shares.
As an expert in foundation law and corporate succession, Schmidt-Thomé has a lot of experience in designing hybrid foundation models that combine charitable and private purposes. One possible approach is the double foundation, in which entrepreneurial control remains with the family and yet a charitable foundation does good.
Schmidt-Thomé, a foundation expert, has considerable tax advantages in mind here. At the same time, however, he points out that a charitable foundation is designed for perpetuity. Entrepreneurial flexibility, as often required by the market, cannot be created with the means of German foundation law. Schmidt-Thomé sees a need for political action here.