Olav Thon Foundation

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The Olav Thon Foundation (Norwegian: Olav Thon Stiftelsen) is a Norwegian foundation and as such the biggest in Norway.

Information[edit]

In accordance with its statutes, the Olav Thon Foundation's primary activity is to own the Olav Thon Group, including the hotel chain Thon Hotels.[1] This makes the foundation a sizable business sector participant and one of the country's bigger real estate owners. The foundation's capital is approximately 25,4 billion crowns,[1] of which 15 billions are so-called unattackable.

Additionally, the Olav Thon Foundation gives annual economic support to scientific projects within mathematics, natural science, and medicine.[1] This includes up to ten annual prizes of 500,000 crowns each, given to Norwegian or foreign scientists, and an annual international prize of five million crowns.[1]

The Olav Thon Foundation was established on 10 December 2013 in Oslo by Olav Thon.[1][2]

See also[edit]

References[edit]

  1. ^ a b c d e Lotteri- og stiftelsestilsynet (i.e. Norwegian Gaming and Foundation Authority): Olav Thon opprettar Norges største stiftelse (i.e. Olav Thon Institutes Norway's Largest Foundation) 10 December 2013.
  2. ^ Reuters: Norway's richest man gives chunk of fortune to charity