IKEA Foundation
 | |
| Founded | 1982 |
|---|---|
| Founder | Ingvar Kamprad |
| Type | Foundation |
Area served | Worldwide |
Parent organization | Stichting INGKA Foundation |
Revenue (2017) | €159 million |
| Endowment | €12.5 million in 2017 |
| Website | ikeafoundation |
IKEA ownership chart
 Flowchart showing the structure and ownership of IKEA companies. Parent companies are at the top of the chart.
Provides services to | Is the parent of | Provides funding to |
The Stichting IKEA Foundation (KvK 41202422) is a Dutch foundation founded in 1982 by Ingvar Kamprad, a Swedish billionaire and founder of IKEA. The foundation receives its income from the Stichting INGKA Foundation.[1] Initially focused on architecture and interior design, in 2009 it's remit expanded to include "improving children's opportunities"[2]
Giving
Unlike its funder the INGKA Foundation the IKEA Foundation has ANBI (algemeen nut beogende instelling, "Institution for General Benefit") status from the Dutch Tax Service.[3][4][5] In 2017, the foundation received 159 million euros from the INGKA Foundation, of which it donated 144 million.[1] Recipients of the donations include MSF, UNHCR, Save the Children, and We Mean Business Coalition for climate change.[6][7]
Criticisms and reforms
In May 2006, The Economist magazine estimated that the parent organization's foundation's endowment was worth US$36 billion, making it the world's wealthiest charity at the time; however, it also stated that the foundation "is at the moment also one of its least generous. The overall set-up of IKEA minimises tax and disclosure, handsomely rewards the founding Kamprad family and makes IKEA immune to a takeover".[8] Following the publication of the Economist article, Ingvar Kamprad went to court in the Netherlands to expand the donor intent of the foundation, whereby more money would be spent on children in the developing world.[9] 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 it had given a relatively small amount of its assets to the Lund Institute of Technology.[8]
See also
References
- ^ a b "2017 Disclosure ANBI details for Stichting IKEA Foundation" (PDF). 31 December 2017. Retrieved 24 February 2019.
- ^ https://www.ikeafoundation.org. "IKEA Foundation". IKEA Foundation (in Norwegian). Retrieved 2019-02-24.
{{cite web}}: External link in|last= - ^ Auerbach, Marc (February 2016). "ikea: flat pack tax avoidance" (PDF).
{{cite web}}:|archive-date=requires|archive-url=(help) - ^ "Hulpmiddel ANBI". 213.197.219.132. Retrieved 2019-02-24.
- ^ "Hulpmiddel ANBI". 213.197.219.132. Retrieved 2019-02-24.
- ^ IKEA Foundation (2017). "Brighter futures Annual Review 2017" (PDF). Retrieved 24 February 2018.
- ^ Refugees, United Nations High Commissioner for. "IKEA Foundation". UNHCR. Retrieved 2019-02-24.
- ^ a b Cite error: The named reference
flatpackwas invoked but never defined (see the help page). - ^ IKEA founder pledges £1bn to charity following Nazi past revelations. The Daily Telegraph.