Stichting INGKA Foundation
The Dutch-registered Stichting INGKA Foundation is named after Ingvar Kamprad (i.e. ING + KA) who owns INGKA Holding, the parent company for all IKEA stores. The charitable foundation was reported by the business newspaper The Economist in May 2006 to be technically the world's wealthiest charity – with an estimated value of at least US$36 billion in 2006 (larger than the Bill & Melinda Gates Foundation) – but its primary purpose is corporate tax-optimization and anti-takeover protection for IKEA. Kamprad is chairman of the foundation.
Read more about this topic: Ingvar Kamprad
Famous quotes containing the word foundation:
“What is the foundation of that interest all men feel in Greek history, letters, art and poetry, in all its periods from the Heroic and Homeric age down to the domestic life of the Athenians and Spartans, four or five centuries later? What but this, that every man passes personally through a Grecian period.”
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