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:
“Mr. Treat is described as a Calvinist of the strictest kind, not one of those who, by giving up or explaining away, become like a porcupine disarmed of its quills, but a consistent Calvinist, who can dart his quills at a distance and courageously defend himself.”
—Henry David Thoreau (1817–1862)
“We have not given science too big a place in our education, but we have made a perilous mistake in giving it too great a preponderance in method in every other branch of study.”
—Woodrow Wilson (1856–1924)
“Giving money and power to government is like giving whiskey and car keys to teenage boys.”
—P.J. (Patrick Jake)