Shareholder Foundations’ overview

This document discusses the concept of a shareholder foundation in France, which is a legal entity that allocates assets to a non-profit organization working for the common good. However, unlike in other countries, a foundation cannot exist in France unless it is approved beforehand by public authorities. The study explores the reasons for the low number of foundations in France and alternative solutions to the recognized public utility foundation. The shareholder foundation is a model that merits exploration and development, especially in an era where the welfare state is weakening and many French family firms are poised to be transmitted over the next fifteen years.