Passing the EUR 100 million mark
The Fondation de Luxembourg has had another exceptional year in terms of its philanthropic activities with the creation of ten new foundations, bringing the current number of foundations under its aegis to 55.
These foundations represent a cumulative pledge of EUR 100 million destined for many different projects of general interest, ranging from the social sector to education, culture and environmental protection. Geographically these projects are distributed between the Grand Duchy of Luxembourg, other European countries and emerging countries.
Over the course of the last few years, the Fondation de Luxembourg has become a true platform of philanthropy and expertise, via which donors from throughout Europe can implement their charitable projects,” noted Pierre Gramegna, Chairman of the Board of Fondation de Luxembourg.
These figures reflect the growing interest in philanthropic activities. Tonika Hirdman, Director General of the Fondation de Luxembourg since its inception said: “Philanthropy has a different face nowadays. We are seeing the emergence of a new generation of philanthropists, who are more aware of social problems. These new philanthropists are determined to be personally involved in the projects they fund, often in collaboration with other stakeholders. By guiding and supporting them, the Fondation de Luxembourg helps them to achieve concrete results in the areas that are dear to them.”