It's not a foundation in any meaningful or legal or official sense. ie. it's not a registered charity, or a trust, bound by The Charity Commission regulations. It is a 'foundation' in name only. All PA has done is pledged to raise money for CRUK and attached a justgiving page to his website.
There are, as it stands, no tax implications or obligations.
Aha! It all makes sense now, cheers Lexi!
Gawd, I actually thought for one minute PA had gone and done something worthy. I will go and say twenty hail katies at once and (eek, maybe even a viewing of Insania as penance)
I reckon Pete wears more foundation on his face that he'll ever personally muster for this fund-raising Foundation.