Wallenberg Foundations
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Wallenberg Foundations
The Wallenberg Foundations refers collectively to the 16 public and private foundations formed on the basis of donations from members of the Swedish Wallenberg family, or created with funds raised in honor of Wallenberg family members. The Foundations award grants to excellent researchers and research projects whose purpose is for the benefit of Sweden. Over the past ten years the Foundations have awarded funding of just over SEK 17 billion. Total funding since the Foundations were established is approaching SEK 33 billion. The three largest foundations awarded SEK 2.2 billion in 2018. The emphasis of funding is on medicine, technology and natural sciences, but the Foundations also support social sciences, the humanities and archaeology. Structure The three largest Foundations – Knut and Alice Wallenberg Foundation, Marianne and Marcus Wallenberg Foundation Marianne () has been the national personification of the French Republic since the French Revolution, as a personific ...
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Foundation (nonprofit)
A foundation (also a charitable foundation) is a category of nonprofit organization or charitable trust that typically provides funding and support for other charitable organizations through grants, but may also engage directly in charitable activities. Foundations include public charitable foundations, such as community foundations, and private foundations, which are typically financial endowment, endowed by an individual or family. However, the term "foundation" may also be used by such organizations that are not involved in public grantmaking. Description Legal entities existing under the status of "foundations" have a wide diversity of structures and purposes. Nevertheless, there are some common structural elements. * Legal requirements followed for establishment * Purpose of the foundation * Economic activity * Supervision and management provisions * Accountability and auditing provisions * Provisions for the amendment of the statutes or articles of incorporation * Provisio ...
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Wallenberg Family
The Wallenberg family is a prominent Swedish family, Europe's most powerful business dynasty. Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, diplomats and military. The Wallenberg sphere's holdings employ about 600,000 people and have sales of $154 billion a year. The Wallenberg empire consists of 16 Wallenberg Foundations, Foundation Asset Management AB (FAM), Investor AB, Patricia Industries and Wallenberg Investments AB. In the 1970s, the Wallenberg family businesses employed 40% of Sweden's industrial workforce and represented 40% of the total worth of the Stockholm stock market. By 2011, their conglomerate holding company, Investor AB, had an approximate ownership of 120 companies. By 2022, the Wallenberg sphere had an approximate ownership of 330 companies. In 2015, the family still owned a third of Sweden’s entire stock exchange. The Wallenbergs control many Swedish multinationals and other European industrial groups, such as world lead ...
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Knut And Alice Wallenberg Foundation
Knut and Alice Wallenberg Foundation (KAW) ( sv, Knut och Alice Wallenbergs Stiftelse) is a Swedish public and private foundation formed in 1917 by Knut Agathon Wallenberg and his wife Alice Wallenberg. It was created to support research in the natural sciences, technology and medicine by awarding long-term grants to basic research of the highest international class. Governance From its start in 1917 to 1971 the board members of the Foundation were mostly from the Wallenberg family. In 1971 a Council of Principals was established which changed the membership pattern, and the academics began to serve as board members of the KAW. Then politicians from the Centre Party were also assigned to the board, including Christina Rogestam, Anders Dahlgren, and Thorbjörn Fälldin. Funding Since its establishment it has approved funding of just over SEK 27.2 billion to Swedish research and education. Almost SEK 14.5 billion of this was awarded between 2008 and 2018. The funding allocated a ...
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Marianne And Marcus Wallenberg Foundation
Marianne () has been the national personification of the French Republic since the French Revolution, as a personification of liberty, equality, fraternity and reason, as well as a portrayal of the Goddess of Liberty. Marianne is displayed in many places in France and holds a place of honour in town halls and law courts. She is depicted in the ''Triumph of the Republic'', a bronze sculpture overlooking the Place de la Nation in Paris, as well as represented with another Parisian statue on the Place de la République. Her profile stands out on the official government logo of the country, appears on French euro coins and on French postage stamps. She was also featured on the former franc currency and is officially used on most government documents. Marianne is a significant republican symbol; her French monarchist equivalent is often Joan of Arc. As a national icon Marianne represents opposition to monarchy and the championship of freedom and democracy against all forms of ...
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