Abstract
Abstract The foundation’s purpose is traditionally public benefit activities in the Czech environment. In addition to a foundation, a trust fund, primarily used for the management of family assets but often for public benefit purposes, can be used for philanthropic purposes. Foundations and trust funds are subject to different tax regimes depending on the purpose for which they were established. The aim of this article is to use the analytical-descriptive and comparative method to explain, also in the international context, the tax aspects of foundations and trust funds, their different purposes and potential problems, as in the Czech environment we can still encounter the belief that foundations and trust funds serve to circumvent the tax system.
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