By Binish Razi (UK Solicitor) and Yasser Latif Hamdani (Advocate High Courts in Pakistan)
This opinion covers the benefits and legal requirements of establishing a charitable foundation.
In general, a charity is an organization established for humanitarian purposes. It may make a profit but all profits should be applied in furthering the charitable purpose of the organization. The owners, members, trustees or other private persons who may control or influence the organization may not use the profit of the charitable organization for their personal gain.
