Set Up Your Foundation in Geneva
6. Apply for tax exemption
A foundation serving the public interest can be exempt from tax. If your foundation is pursuing a public-interest purpose on a not-for-profit basis, you may apply for exemption from income and wealth taxes.
To check eligibility, the cantonal tax administration reviews the statutes.
Exemption clauses
To be granted tax exemption, the foundation must, among other conditions:
- have a public-interest purpose,
- be managed on a not-for-profit basis,
- and include a clause stating that funds can never revert to the founder.
In the event of dissolution, assets must be transferred to another public-interest foundation.