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:
“What do you do for your living?
Are you forgiving, giving shelter?
Follow your heart; love will find you;
truth will unbind you;
Sing out a song of the soul.”
—Cris Williamson (20th century)
“When I tried to talk to my father about the kind of work I might do after college, he said, “You know, Charlotte, I’ve been giving a lot of thought to that, and it seems to me that the world really needs good, competent secretaries. Your English degree will help you.” He said this with perfect seriousness. I was an A student at Bryn Mawr ...”
—Charlotte Palmer (b. c. 1925)
“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)