Ikano donate SEK 900 million to the Kamprad Family Foundation
Ikano have donated SEK 900 million to the Kamprad Family Foundation, which was set up in 2011 on the initiative of the Kamprad family.
The foundation, which was set up by Ingvar Kamprad in December 2011, is a private and independent foundation based in Växjö. Its purpose is to support, stimulate and reward educational initiatives and scholarly research to promote entrepreneurship, the environment, skills and expertise, health and social development.
Peter, Jonas and Mathias Kamprad, the owners of Ikano, have expressed their intentions that the donation should primarily be used in environmental projects with a special focus on implementing research results in practice.
– My brothers and I are grateful to be able to contribute to this initiative, says Peter Kamprad, chairman of the board for Ikano. We hope that the donation will over time by exploited for the purposes of sustainable solutions which benefit the global environment.
– Ikano are proud to support the Kamprad Family Foundation and they look forward to following its development in the future, says Birger Lund, Ikano.
The foundation will in particular support projects to promote:
• Improved quality of life for the elderly
• Entrepreneurship- with a particular focus on promoting rural communities
• Environmental improvements
• Development, research and teaching in architecture, interior design and design
• Research and teaching in medicine
The Foundation strives in particular to ensure the practical exploitation of the research results achieved so that scientific advances can quickly and cost-effectively come to benefit as many people as possible.
– Ikano’s generous gift strengthens significantly the ability of the Foundation to make a difference for many people, says Professor Lena Lena Fritzén, executive member of the Kamprad Family Board. The primary focus of the donation is on the environment and practical application of research which is in response to important global needs and is in line with the purpose of the Foundation.
The foundation has been financed originally from donations from Ingvar Kamprad and the Inter IKEA Group. At present, the Foundation has a capital of approximately SEK 1.85 billion, including the donation from Ikano. In addition, the Inter IKEA Group has decided to make an annual donation of approximately SEK 270 million (30 million Euros) to the Foundation, subject to the prevailing financial climate.
The Board will be seeking to approve guidelines for applications at a meeting in August 2012.
Visit the Foundation’s website to learn more.