Motto Wir stiften Wissen Formation 1961 | Predecessor Volkswagenwerk Region served Germany | |
Purpose Science funding in Germany Location Kastanienallee 35, 30519 Hannover, Germany | ||
The Volkswagen Foundation (German: Volkswagenstiftung) is the largest German private nonprofit organization for the promotional of research and education in the sciences, social sciences, and humanities. It was established in 1961 as Stiftung Volkswagenwerk with a portion of the confiscated assets of the Volkswagenwerk GmbH. It is not affiliated to the present company, the Volkswagen Group.
With a capital of 2.9 billion euros, as of 2016 it is the largest German scientific foundation. Since its founding, it has distributed 4.2 billion Euros in grants for over 30000 projects, and now funds new projects at the rate of 100 million Euros per year.
References
Volkswagen Foundation Wikipedia(Text) CC BY-SA