Liquidated Foundations Lead to Dutch Charitable Donations

Earlier this year, Alter Domus Netherlands was involved in the liquidation of two foundations, each with a subsidiary in Luxembourg and managed by Alter Domus Luxembourg. Following the liquidations, an amount of capital was left in the bank accounts of both subsidiaries in Luxembourg.

In collaboration with our client, Alter Domus Luxembourg and Alter Domus Netherlands decided to donate those funds to three Dutch charities:

• Stichting Jarige Job – Gives children a birthday present when their family cannot afford it
• Stichting Care for Children – Provides support for two orphanages in Myanmar
• KIKA (Stichting Kinderen Kankervrij) – Raises funds for innovative research against childhood cancer

This donation is yet another testament to the Alter Domus culture of giving back to the communities where our people and clients live and work.

Find out more about how our teams are making an impact this year (and every year) here.
 

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