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Stichting IKEA Foundation

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Not to be confused with Stichting INGKA Foundation.
Stichting IKEA Foundation
Founded1982
FounderIngvar Kamprad
TypeFoundation
Area served
Worldwide
LeaderPer Heggenes[1]
Parent organization
Stichting INGKA Foundation
Websiteikeafoundation.org
IKEA ownership chart
The image above contains clickable links
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
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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 is funded by the Stichting INGKA Foundation.[2] Initially focused on architecture and interior design, its scope expanded in 2009 to include "improving children's opportunities".[3][4] In 2020, total grants disbursed by the foundation amounted to $220.67 million.[5]

History[edit]

The Foundation was created by Ingvar Kamprad in 1982 to advance "innovation in the field of architectural and interior design."[4] In 2006, The Economist reported that the Stichting INGKA Foundation funded the IKEA Foundation, which did not publish its giving numbers. The Economist calculated the value of the INGKA Foundation at €28.67 billion, making it the world's wealthiest charity at the time, and reported the IKEA Foundation had given a comparatively small amount and concentrated its donations on the Lund Institute, providing €1.35 million to the Institute annually. It also reported that the arrangement allowed the INGKA Foundation to make pay minimal taxes, make minimal disclosures, and made IKEA immune to takeover, while allowing the Kamprad family to make a large profit.[6] In 2009, following the publication of the Economist article, Kamprad fought a court battle to change the legal mission of the IKEA Foundation to benefit vulnerable children.[4] Prior to this, the foundation's articles of association limited the foundation's purpose to architecture and it had given a relatively small amount of its assets to the Lund Institute of Technology.[7] The organisation's focus shifted to combating climate change and supporting the development of sustainable livelihoods in 2018.[8][why?][better source needed]

Philanthropic activities[edit]

The Foundation is organized as a not-for-profit Public Benefit Organization with the Tax and Customs Administration.[9][10] Between 2009 and 2021, the Foundation provided more than €1.5 billion in grants.[11] In 2022, it received €281.8 million from the Stichting INGKA Foundation, of which it provided €268.2 million in grants. The INGKA Foundation is the sole funder of the IKEA Foundation.[9] Its grants are primarily related to global economic development and climate change. Inside Philanthropy described the Foundation as transparent but difficult to reach, noting that it does not accept unsolicited proposals and prefers to provide grants to established organizations over recently created initiatives.[12]

Climate change and environment[edit]

In 2021, the IKEA and Rockefeller foundations partnered to create a fund to expand access to renewable energy generation in India, Nigeria, Ethiopia, and other countries. Each foundation pledged €422.76 million to the effort. The Financial Times reported the foundations set targets to reduce annual CO2 emissions by one billion tonnes and eliminate energy poverty for one billion people by the end of 2029.[13] The Bezos Earth Fund later also pledged €422.76 million. The fund received an additional €6.76 billion in pledges from multilateral banks and the World Bank, Asian Development Bank, and U.S. International Development Finance Corporation. At COP26, this fund was launched as the Global Energy Alliance for People and Planet, a group with the goal to provide renewable energy to people in Africa, Asia, and Latin America.[14] The same year, the IKEA Foundation partnered with Enviu and the Circular Apparel Innovation Factory to reduce textile waste in India.[15] Also in 2021, the Foundation cofounded the Global Methane Hub, which garnered more than €253.66 million that year in commitments to reduce agricultural methane production.[16]

In May 2022, the Foundation committed €4.9 million to the Sustainable Energy for All's Universal Energy Facility, a results-based financing initiative.[17] In November of the same year, the Foundation and Acumen partnered on a €21.14 million energy investment initiative to provide renewable power generation and efficient appliances to people living in extreme poverty.[18]

The Foundation pledged €33.82 million in funding to the Clean Air Fund in 2023.[19] The same year, the Foundation partnered with the Selco Foundation and the Ministry of Health and Family Welfare to provide renewable energy and energy efficient equipment to 25,000 healthcare facilities in India. The IKEA Foundation provided initial funding of €48 million for the project.[20] It also partnered with the ClimateWorks Foundation to support a just energy transition in Indonesia, South Africa, and Vietnam. It committed €16.91 million over four years to the effort.[21][22]

In 2024, the Foundation pledged €15.22 million to the Science Based Targets initiative.[23]

The Foundation is a funder of the We Mean Business Coalition,[24] Science Based Targets initiative,[25] Instituto Clima e Sociedade,[12] InfluenceMap,[26] and Climate Breakthrough.[27]

Refugees, agriculture, and emergency response[edit]

Between 2012 and 2019, the foundation invested approximately US$100 million in the UNHCR operations in the Dollo Ado refugee camps. According to a study by the University of Oxford Refugee Studies Centre, at the time it was the largest private sector investment made in a specific refugee setting. The funds were grouped into two phases. From 2012 through 2014, a $61.5 million grant was distributed to address infrastructure and emergency aid needs, including investments in education, shelter, nutrition, water, sanitation, and hygiene. From 2015 to 2019, a $37.5 million grant supported refugee livelihoods and establishment of self-reliance. This phase emphasized investments in agriculture, livestock, environment, energy, and microfinance loan initiatives. At the end of 2018, the livelihood program had 2050 members earning income, and had disbursed 525 loans.[28]

The foundation has also partnered with UNHCR for its Brighter Lives for Refugees campaign, contributing $10.6 million to provide lighting to refugees in 2014;[29] and the foundation funded Better Shelter to develop a flat packed refugee shelter in collaboration with UNHCR. The shelter consists of a steel frame, stab-proof polypropylene panels, and rooftop solar panels. Better Shelter won the London Design Museum's Design of the Year award in 2016. Between 2015 and 2017, shelters were sent to locations such as Iraq and Djibouti. They were also used as clinics following the April 2015 Nepal earthquake. The shelter project had some challenges; 62 shelters ordered by Zürich, Switzerland were not used due to fire concerns. A spokesperson for Better Shelters noted that they were not intended to meet Swiss fire regulations, or be used indoors as the city planned.[30] In April 2017, Better Shelter said the product would be redesigned with improvements to lighting and ventilation, and sturdier frames and walls.[31]

In 2023, the foundation donated €10 million to Doctors Without Borders for its work in Syria in response to the 2023 Turkey–Syria earthquake.[32]

See also[edit]

References[edit]

  1. ^ "kea and Rockefeller foundations in $10bn clean energy push". Financial Times. Retrieved 5 August 2022.
  2. ^ "2017 Disclosure ANBI details for Stichting IKEA Foundation" (PDF). 31 December 2017. Retrieved 24 February 2019.
  3. ^ "IKEA Foundation". IKEA Foundation (in Norwegian). Retrieved 2019-02-24.
  4. ^ a b c Orange, Richard (18 September 2011). "IKEA founder pledges £1bn to charity following Nazi past revelations". The Daily Telegraph. Archived from the original on 10 April 2017. Retrieved 3 January 2024.
  5. ^ "Development Co-operation Profiles - IKEA Foundation". OECD iLibrary. Retrieved 31 August 2022.
  6. ^ Features, Rex (11 May 2006). "Flat-pack accounting". The Economist. Archived from the original on 4 August 2023. Retrieved 3 January 2024.
  7. ^ "Flat-pack accounting". The Economist. 2006-05-11. Retrieved 2007-01-02.
  8. ^ "Our history". IKEA Foundation. Retrieved 8 January 2024.
  9. ^ a b "2022 Disclosure ANBI details for Stichting IKEA Foundation" (pdf). IKEA Foundation. p. 7. Retrieved 8 January 2024.
  10. ^ Wainwright, Oliver (27 January 2017). "Why Ikea's flatpack refugee shelter won design of the year". The Guardian. Retrieved 3 January 2024.
  11. ^ "Development Co-OPeration Profiles:IKEA Foundation". OECD. Retrieved 9 January 2024.
  12. ^ a b "IKEA Foundation". Inside Philanthropy. Retrieved January 9, 2024.
  13. ^ Milne, Richard (20 June 2021). "Ikea and Rockefeller foundations in $10bn clean energy push". Financial Times. Retrieved 3 January 2024.
  14. ^ Milne, Richard (1 November 2021). "Bezos fund commits $500m to join Ikea and Rockefeller in renewable energy push". Financial Times. Retrieved 3 January 2024.
  15. ^ Bora, Gamira (15 October 2021). "IKEA Foundation, Enviu and CAIF to build textile waste model, provide jobs to waste workers". The Economic Times. Retrieved 9 January 2024.
  16. ^ Beasley, Stephanie (1 December 2023). "Global food systems need over $200B funding boost, foundations say". Devex. Retrieved 13 March 2024.
  17. ^ Aina, Dolapo (31 May 2022). "Notes on Sustainable Energy For All Forum 2022 in Kigali". The Guardian (Nigeria). Retrieved 3 January 2024.
  18. ^ Banerjee, Biwarup; Bieber, Sarah (11 November 2022). "Tackling poverty and climate change: IKEA and Acumen's $25m energy investment initative". Alliance Magazine. Retrieved 9 January 2024.
  19. ^ Hungin, Simon (1 April 2023). "IKEA, CIFF give $67m to Clean Air Fund to tackle global air pollution". Alliance Magazine. Retrieved 9 January 2024.
  20. ^ Panda, Susmita (7 April 2023). "IKEA and SELCO Foundations launch new initiative to make 25,000 PHCs energy efficient with solar power by 2026". Financial Express. Retrieved 9 January 2024.
  21. ^ Taylor, Michael; Tripathi, Bhasker; Harrisberg, Kim (5 October 2023). "Philanthropists back justice for workers in green energy deals". Reuters. Retrieved 11 January 2024.
  22. ^ Musaddique, Shafi (19 September 2023). "IKEA Foundation grants $20 million in Global South energy transition initiative". Alliance Magazine. Retrieved 9 January 2024.
  23. ^ Balch, Oliver (6 February 2024). "Analysis: Will shakeup at net-zero targets arbiter be enough to quiet its critics?". Reuters. Retrieved 14 March 2024.
  24. ^ "Brighter Futures: Annual Review 2017" (PDF). IKEA Foundation. 2017. Archived from the original (pdf) on 25 February 2019. Retrieved 11 January 2024.
  25. ^ Wilkes, Tommy; Kerber, Ross (13 September 2023). "Group judging corporate climate claims overhauls itself after criticism". Reuters. Retrieved 9 January 2024.
  26. ^ Morgan, Elysse (23 September 2020). "Climate change action stymied by Australian business lobby, UK think tank finds". ABC News (Australia). Retrieved 9 January 2024.
  27. ^ "Nebraska Pipeline Opponent, Indonesian Environmentalist Receive Climate Breakthrough Awards". U.S. News & World Report. Associated Press. 2 November 2023. Retrieved 9 January 2023.
  28. ^ Betts, Alexander; Marden, Andonis; Bradenbrink, Rapheal; Kaufmann, Jonas (2020). "Building Refugee Economies: An evaluation of the IKEA Foundation's programmes in Dollo Ado". University of Oxford. Retrieved May 13, 2022.
  29. ^ Mallonee, Laura (February 18, 2015). "Light in dark times: Ikea kicks off campaign to bring lights to refugees". The Guardian. Retrieved May 13, 2022.
  30. ^ Wainwright, Oliver (January 27, 2017). "Why Ikea's flatpack refugee shelter won design of the year". The Guardian. Retrieved May 13, 2022.
  31. ^ Fairs, Marcus (April 27, 2017). "IKEA refugee shelter to be redesigned following safety fears and design flaws". Dazeen. Retrieved June 24, 2022.
  32. ^ Beaty, Thalia (11 February 2023). "Fundraisers for Syria, Turkey earthquake try to deliver aid". Associated Press. Retrieved 12 February 2023.
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