Volkswagen Foundation
Private German charitable Foundation
From Wikipedia, the free encyclopedia
The Volkswagen Foundation (German: VolkswagenStiftung) is the largest German private nonprofit organization involved in the promotion and support of academic research. It is not affiliated to the present company, the Volkswagen Group.[1]
Established1961 (65 years ago)
Typescharitable corporation, nonprofit organization
Legal statusprivate foundation
AimScience funding in Germany
| |
 | |
| Established | 1961 (65 years ago) |
|---|---|
| Types | charitable corporation, nonprofit organization |
| Legal status | private foundation |
| Aim | Science funding in Germany |
| Headquarters | Hanover |
| Country | Germany |
| Directors | Georg Schütte |
| Revenue | 352,203,000 euro (2022) |
| Total Assets | 3,592,329,000 euro (2022) |
| Employees | 115 ±5 (2023) |
| Website | www |
It was established in 1961 as Stiftung Volkswagenwerk with a portion of the confiscated assets of the Volkswagenwerk GmbH.
With a capital of 2.9 billion euros, as of 2016 it is the largest German scientific foundation. Since its founding, it has distributed 4.2 billion Euros in grants for over 30,000 projects, and now funds new projects at the rate of 100 million euros per year.
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