Globe Foundation

Charitable or philanthropic foundations allow wealthy individuals, families and corporations to establish a legal structure for their benevolence, while maintaining an element of control over how the charity is run and how the funds of the charity are distributed.An offshore charitable foundation provides a far simpler and more cost effective way of giving charitable support than in most countries, where regulation places a heavy burden, in both time and money, on charitable organisations.

A Panamanian charitable foundation provides an ideal solution for combining philanthropic work, with highly effective asset protection and succession planning. It also allows philanthropists to develop international opportunites, which can further benefit their charitable work.

Panamanian charitable foundations are a little more expensive to set up than private interest foundations but cost a fraction of the establishment expenses, ongoing regulatory costs as well as administrative costs of charitable organisations in the home countries of most philanthropists.

It is often easier to buy an existing Panamanian charitable foundation that has ceased operations, than to go through the process of establishing a new one.