Perspectives on the Development of Family Foundations in Poland in Light of Organizational and Tax Benefits for Founders and Beneficiaries

Abstract

A family foundation is a new entity occurring in business in Poland established under the Family Foundation Law of 2023. It enables the continuation of the founder's business and the protection of family assets beyond one generation, thus meeting the growing number of family business succession problems. The purpose of the article is to point out the tax and organizational advantages of establishing family foundations for founders and beneficiaries, and to indicate the prospects for the development of such entities in Poland. It presents the principles of its operation, tax and organizational benefits for founders and beneficiaries. It also compares the Polish family foundation to family foundations that have been functioning for decades in Austria and Germany. Barriers and threats, and consequently prospects for the development of such entities in Poland, are presented.