P+P advises PHINEO gAG on Susanne Klatten's SKala Initiative

P+P Pöllath + Partners advised the charitable organization PHINEO gAG on the legal and tax aspects of Susanne Klatten's SKala Initiative.

PHINEO is assuming the development and implementation of the Initiative, which will have a budget of up to EUR 100m over the next five years to support up to 100 charitable causes. PHINEO proposes projects to Susanne Klatten and she will decide which of these to promote. In choosing the projects, PHINEO refers to the knowledge and experience gained from researching almost 800 organizations.

P+P Pöllath + Partners advised PHINEO on all aspects of contractual formulation and tax planning with the following team of specialists:

• Dr. Andreas Richter (partner, private clients and foundations/non-profit organizations, Berlin)
• Dr. Katharina Gollan (counsel, private clients and foundations/non-profit organizations, Berlin)
• Dr. Hardy Fischer (partner, tax, Berlin)
• Dr. Sebastian Käpplinger (counsel, private funds, Frankfurt)

PHINEO was founded in December 2009 as a consulting and research company focused on effective social engagement and is based on a premise of the Bertelsmann Foundation. P+P Pöllath + Partners supervised the foundation of PHINEO and advises PHINEO on a regular basis ever since its establishment.