Perpetual Purpose Trusts

Description

"Stock ownership of a company is transferred into a trust, with a well-defined mission that will not change hands as the business grows and changes. The company’s purpose, rather than individuals, becomes the official beneficiary of the company.

There are a range of trust agreements that are possible to define the purpose, stakeholders, distributions of profit, and mechanisms of governance, e.g. from Purpose Foundation. The Trust Stewardship Committee (TPC) is introduced to ensure adherence to the mission."

(https://cip.org/research/ci-corporation)

More information

• See also: Foundation Ownership