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:
“A lifeless planet. And yet, yet still serving a useful purpose, I hope. Yes, a sun. Warming the surface of some other world. Giving light to those who may need it.”
—Franklin Coen, and Joseph Newman. Exeter (Jeff Morrow)
“We went on, feeding the hungry, giving drink to the thirsty, clothing the soldier, binding up his wounds, harboring the stranger, visiting the sick, ministering to the prisoner, and burying the dead, until that blessed day at Appomattox Court House relieved the strain.”
—M. E. W. Sherwood (1826–1903)
“The problem is simply this: no one can feel like CEO of his or her life in the presence of the people who toilet trained her and spanked him when he was naughty. We may have become Masters of the Universe, accustomed to giving life and taking it away, casually ordering people into battle or out of their jobs . . . and yet we may still dirty our diapers at the sound of our mommy’s whimper or our daddy’s growl.”
—Frank Pittman (20th century)