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A foundation is a non-profit organisation whose main aims are charitable and/or research-related. The actual scope of activities that foundations may carry out varies significantly between jurisdictions. Today, foundations are often used as an asset-protection tool, and so here we will discuss offshore foundations used for asset management purposes. In this respect, foundations are commonly used to accept transfers of foreign funds and property (including assets such as real estate, intellectual property, bank deposits, company shares, investment portfolios, etc.).