My friend who is a spiritual sufi leader as well as running an Islamic Education School, wants to establish a Foundation not for Profit under Section 42 of the Companies Ordinance, 1984 of Pakistan.
He wants to establish the Foundation to run activities like Islamic Education, Conventional Education & Trade Training, Health Services for Poor and Welfare Activities.
Can you please guide me whether Foundation is better or Trust would be good choice keeping in view especially the following :-
Foundation vs. Trust with special regard to the following:
(1) Tax treatment of Profits/ Money of the Foundation / Trust
(2) Tax treatment of DONATONS given by Public at large
(3) COMPLIANCE Requirements (Inform if Foundation has stringent compliance requirments).
(4) Preference in case If the entity Plans to register itself in US, UK, KSA etc. as a charity.