Giving
In 2011, the foundation reportedly gave 65 million euros, however, in that year plans were announced to increase the contributions to about 100 million euros per year, with 40 million euros over three years going to the Dadaab refugee camp in Kenya with the rest split between UN agencies such as UNICEF, UNHCR and UNDP, and Save the Children.
In May 2006, the magazine The Economist estimated that the foundation was worth US$36 billion, making it the world's wealthiest at the time but also stated that it "is at the moment also one of its least generous"; after this article, Ingvar Kamprad went to court in the Netherlands to expand the goals of the foundation and spend money on children in the developing world. Prior to this the foundation's articles of association limited the foundation's purpose to "innovation in the field of architectural and interior design" and had given a relatively small amount of its assets to the Lund Institute of Technology.
Read more about this topic: Stichting INGKA Foundation
Famous quotes containing the word giving:
“Then down, deep down, in the mighty ship, unseen by the midday
suns,
You’ll find the chaps who are giving the raps—the men behind the guns!”
—John Jerome Rooney (1866–1934)
“Beauty is our weapon against nature; by it we make objects, giving them limit, symmetry, proportion. Beauty halts and freezes the melting flux of nature.”
—Camille Paglia (b. 1947)
“I am not in the giving vein today.”
—William Shakespeare (1564–1616)