The Swedish Inheritance Fund ( sv, Allmänna arvsfonden) is a

Swedish Swedish or ' may refer to: Anything from or related to Sweden, a country in Northern Europe. Or, specifically: * Swedish language, a North Germanic language spoken primarily in Sweden and Finland ** Swedish alphabet, the official alphabet used by ...

State

fund Fund may refer to: * Funding is the act of providing resources, usually in form of money, or other values such as effort or time, for a project, a person, a business, or any other private or public institution ** The process of soliciting and gathe ...

, established in 1928 when the Riksdag decided to abolish the right of

inheritance Inheritance is the practice of receiving private property, titles, debts, entitlements, privileges, rights, and obligations upon the death of an individual. The rules of inheritance differ among societies and have changed over time. Officia ...

for

cousin Most generally, in the lineal kinship system used in the English-speaking world, a cousin is a type of familial relationship in which two relatives are two or more familial generations away from their most recent common ancestor. Commonly, ...

s and more distant relatives. When a person in Sweden dies without a written will and no living spouse or close family, their

property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, r ...

is transferred to the fund; the fund also receives money from gifts and wills. The purpose of the fund is to support

non-profit organization A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...

s and other

voluntary association A voluntary group or union (also sometimes called a voluntary organization, common-interest association, association, or society) is a group of individuals who enter into an agreement, usually as volunteers, to form a body (or organization) to ac ...

s. The fund is administered by the Swedish

Legal, Financial and Administrative Services Agency The Legal, Financial and Administrative Services Agency ( sv, Kammarkollegiet) is a Swedish administrative authority under the Ministry of Finance. Established in 1539 by King Gustav Vasa, it is the oldest public agency in Sweden. Role It is ta ...

. Applications for grants from the fund, however, are reviewed and decided by the Swedish Inheritance Fund Commission, an agency that answers to the Ministry for Health and Social Affairs. The Swedish Interitance Fund receives properties from around 600 individuals each year. One of its largest additions was reported in January 2007, when the fund received 68 million kronor from the estate of 86-year-old man in a

village A village is a clustered human settlement or community, larger than a hamlet but smaller than a town (although the word is often used to describe both hamlets and smaller towns), with a population typically ranging from a few hundred ...

outside

Umeå Umeå ( , , , locally ; South Westrobothnian: ;). fi, Uumaja; sju, Ubmeje; sma, Upmeje; se, Ubmi) is a city in northeast Sweden. It is the seat of Umeå Municipality and the capital of Västerbotten County. Situated on the Ume River, U ...

in northern Sweden, much to the surprise of his neighbours. The only other

country A country is a distinct part of the world, such as a state, nation, or other political entity. It may be a sovereign state or make up one part of a larger state. For example, the country of Japan is an independent, sovereign state, while ...

with a state-governed inheritance fund is

Iceland Iceland ( is, Ísland; ) is a Nordic island country in the North Atlantic Ocean and in the Arctic Ocean. Iceland is the most sparsely populated country in Europe. Iceland's capital and largest city is Reykjavík, which (along with its s ...

External links

* Government agencies of Sweden Organizations established in 1928 1928 establishments in Sweden {{Sweden-org-stub

See also

External links