IKEA Foundation increased grants by 21% to €101m
Howard Lake | 11 March 2014 | News
In 2013 the IKEA Foundation increased its total grantmaking by 21% to €101 million, according to its 2013 Annual Review. The Foundation supports children and families living in the world’s poorest communities.
During the year, according to the review, it undertook 12 new partnerships, with the result that its grants supported children in 35 countries. It works with 31 nonprofits, including Save the Children, Clinton Health Access Initiative (CHAI) and KickStart International. It is the largest global corporate donor to UNICEF and UNHCR.
According to the City AM World Charity Index 2013, it is one of the largest grant-making foundations in the world, ranked 14th in its list of top private sector donors.
The IKEA Foundation receives its funding from the furniture chain’s profits. The 2013 grants represent over 3% of the company’s profits. Some of the Foundation’s income was raised by IKEA staff and customers. For example they raised over €10 million for UNICEF and Save the Children via the Soft Toys for Education campaign.
“Last year was a remarkable journey for us at the IKEA Foundation,” said Per Heggenes, Chief Executive Officer of the IKEA Foundation.
“By giving more than ever, we were able to develop innovative new partnerships, helping ensure we can reach 100 million children and their families by 2015.”
In 2012 the IKEA Foundation donated £71 million to projects in 28 countries.
Image: Gerard-Stolk on Flickr.com
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.