In 2022, the foundations granted a total of EUR 181 million with 856 grants based on 1.933 applications.
In the last couple of years, both foundations have increased their grants. This is primarily due to the good results achieved in the VKR Group, as well as a sizeable return on the still increasing assets.
The foundations pay taxes on their income with permitted deductions for philanthropic contributions and operational costs.
THE VELUX FOUNDATIONS
Grants 2018 - 2022
