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:
“Instead of giving in to the greatest misfortune that can happen at my age, deafness, I busy myself in searching out all possible compensations, and I apply myself much more to all the amusements that are here within my grasp.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“Still grows the vivacious lilac a generation after the door and lintel and the sill are gone, unfolding its sweet-scented flowers each spring, to be plucked by the musing traveller; planted and tended once by children’s hands, in front-yard plots,—now standing by wall-sides in retired pastures, and giving place to new-rising forests;Mthe last of that stirp, sole survivor of that family.”
—Henry David Thoreau (1817–1862)
“Here I pause in my sojourning, giving thanks for having come,
come to trust, at every turning, God will guide me safely home.
Jesus sought me when a stranger, wandering from the fold of God,
Came to rescue me from danger, precious presence, precious blood.”
—Robert Robinson (1735–1790)