A Statutory Foundation (commonly abbreviated as SF or S.F.) is a legal entity form created by the State of Wyoming by the passage of the Wyoming Statutory Foundation Act. (effective July 1, 2019). The act provides for the creation of an entity that may (depending on the terms of the operating agreement) be structured as a trust, a business entity or a hybrid. The Act provides for creditor protection, limited liability and an entity form that is similar to Foundations found in Civil Law countries. A Wyoming Statutory Foundation is capable of doing business in its own name similar to a corporation, partnership or LLC and it may serve charitable or private purposes.
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