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:
“Perhaps a modern society can remain stable only by eliminating adolescence, by giving its young, from the age of ten, the skills, responsibilities, and rewards of grownups, and opportunities for action in all spheres of life. Adolescence should be a time of useful action, while book learning and scholarship should be a preoccupation of adults.”
—Eric Hoffer (1902–1983)
“Fiction is not imagination. It is what anticipates imagination by giving it the form of reality. This is quite opposite to our own natural tendency which is to anticipate reality by imagining it, or to flee from it by idealizing it. That is why we shall never inhabit true fiction; we are condemned to the imaginary and nostalgia for the future.”
—Jean Baudrillard (b. 1929)
“He had previously complimented me on my paddling, saying that I paddled “just like anybody,” giving me an Indian name which meant “great paddler.””
—Henry David Thoreau (1817–1862)