Key figures 2023
Education. social and special grants
2.4
Shipping and seafarers interests
2.6
Social work
36.8
Culture
13.9
Lauritzen relatives
0.9
Grants total:
56.6
Wite-downs on former grants
-4.0
Total
52.6
Share of result in subsidiary
884.9
Financial items, net
36.7
Administration costs etc., net
-18.9
Profit for the year
902.7
Properties
40.0
Investments in subsidiaries
8,213.8
Receivables
1.9
Securities
350.5
Cash
146.5
Total assets
8,752.2
Equity
8,659.0
Approved not yet paid grants
91.5
Other debt
2.2
Total Equity & Liabilities
8,752.7
As a commercial foundation our task can be divided into two: 1) maintaining and running our subsidiaries. 2) granting financial support to humanitarian and social projects. Thus we are not like the traditional humanitarian foundation only focusing on philanthropy. Our assets are, as depicted in the chart above, primarily bound up in stocks. The cash flow from investments determines the amount of which we distribute grants from.
Lauritzen Fonden Holding ApS (94%)
Securities and cash funds (5%)
Property and other assets (1%)
Tranegårdsvej 20 | 2900 Hellerup | CVR-nr. 15 45 36 13
Tel. +45 3396 8425 | kontakt@lauritzenfonden.com