Stichting IKEA Foundation

The Stichting IKEA Foundation (KvK 41202422) is a Dutch foundation founded in 1982 by Ingvar Kamprad, a Swedish billionaire and founder of IKEA. The foundation receives its income from the Stichting INGKA Foundation.[1] Initially focused on architecture and interior design, it's scope expanded in 2009 to include "improving children's opportunities".[2]

Not to be confused with Stichting INGKA Foundation.
Stichting IKEA Foundation
Founded1982
FounderIngvar Kamprad
TypeFoundation
Area served
Worldwide
Parent organization
Stichting INGKA Foundation
Revenue (2017)
€159 million
Endowment€12.5 million in 2017
Websiteikeafoundation.org
IKEA ownership chart
Flowchart showing the structure and ownership of IKEA companies. Parent companies are at the top of the chart.
Provides services to | Is the parent of

Giving

Unlike its funder the INGKA Foundation, the IKEA Foundation has ANBI (algemeen nut beogende instelling, "Institution for General Benefit") status from the Dutch Tax Service.[3][4][5] In 2017, the foundation received 159 million euros from the INGKA Foundation, of which it donated 144 million.[1] Recipients of the donations include MSF, UNHCR, Save the Children, and We Mean Business Coalition for climate change.[6][7]

In December 2020, the IKEA Foundation invested 30 million dollars in Aceli Africa (loans to agricultural SMEs) along with the Swiss Agency for Development and Cooperation and the USAID.[8]

Criticisms and reforms

In May 2006, The Economist magazine estimated that the parent organization's foundation's endowment was worth US$36 billion, making it the world's wealthiest charity at the time; however, it also stated that the foundation "is at the moment also one of its least generous. The overall set-up of IKEA minimises tax and disclosure, handsomely rewards the founding Kamprad family and makes IKEA immune to a takeover".[9] Following the publication of the Economist article, Ingvar Kamprad went to court in the Netherlands to expand the donor intent of the foundation, whereby more money would be spent on children in the developing world.[10] 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 it had given a relatively small amount of its assets to the Lund Institute of Technology.[9]

See also: Financial endowment § Donor intent

See also

References
  1. "2017 Disclosure ANBI details for Stichting IKEA Foundation" (PDF). 31 December 2017. Retrieved 24 February 2019.
  2. https://www.ikeafoundation.org. "IKEA Foundation". IKEA Foundation (in Norwegian). Retrieved 2019-02-24.
  3. Auerbach, Marc (February 2016). "ikea: flat pack tax avoidance" (PDF).
  4. "Hulpmiddel ANBI". 213.197.219.132. Retrieved 2019-02-24.
  5. "Hulpmiddel ANBI". 213.197.219.132. Retrieved 2019-02-24.
  6. IKEA Foundation (2017). "Brighter futures Annual Review 2017" (PDF). Retrieved 24 February 2018.
  7. Refugees, United Nations High Commissioner for. "IKEA Foundation". UNHCR. Retrieved 2019-02-24.
  8. Romil Pandey, IKEA Foundation, Swiss Agency for Development and Cooperation, USAID Invest $30m in Aceli Africa, Guarantor of Loans to Agricultural SMEs, Microcapital.org, 4 December 2020
  9. "Flat-pack accounting". The Economist. 2006-05-11. Retrieved 2007-01-02.
  10. IKEA founder pledges £1bn to charity following Nazi past revelations. The Daily Telegraph.
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