In 2019, the foundations granted a total of EUR 178 million with 1.153 grants based on 2.686 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.

VILLUM FONDEN key figures (2015-2019)
VELUX FONDEN key figures (2015-2019)