Philanthropy
In 1987 Bettencourt, together with her husband and daughter, founded the Bettencourt Schueller Foundation (la Fondation Bettencourt Schueller) to support and develop medical, cultural and humanitarian projects. The Foundation is based in Neuilly-sur-Seine, France.
The Foundation, which has an annual budget of £160 million, devotes approximately 55% of its funds to scientific education and research, 33% to humanitarian and social projects and 12% to culture and arts. It sponsors prizes through which funds are disbursed to various recipients. For example, the “Liliane Bettencourt Prize for Life Sciences” is an annual award to a top European biomedical researcher under the age of 45. Winners receive €250,000 to support their work in the field of life science.
Recently the Foundation helped fund the new Monet wing at the Musée Marmottan Monet.
Read more about this topic: Liliane Bettencourt
Famous quotes containing the word philanthropy:
“Almost every man we meet requires some civility,—requires to be humored; he has some fame, some talent, some whim of religion or philanthropy in his head that is not to be questioned, and which spoils all conversation with him. But a friend is a sane man who exercises not my ingenuity, but me.”
—Ralph Waldo Emerson (1803–1882)
“... the hey-day of a woman’s life is on the shady side of fifty, when the vital forces heretofore expended in other ways are garnered in the brain, when their thoughts and sentiments flow out in broader channels, when philanthropy takes the place of family selfishness, and when from the depths of poverty and suffering the wail of humanity grows as pathetic to their ears as once was the cry of their own children.”
—Elizabeth Cady Stanton (1815–1902)
“I shall not be forward to think him mistaken in his method who quickest succeeds to liberate the slave. I speak for the slave when I say that I prefer the philanthropy of Captain Brown to that philanthropy which neither shoots me nor liberates me.”
—Henry David Thoreau (1817–1862)