Key figures 2020
Lauritzen Fonden distributes grants to cultural, educational and social activities in Denmark. Through our 100 % owned daughter company, LF Investment, we support knowledge development and Danish enterprise through investments and small loans to innovative and newly started companies – mostly in joint venture with other investment companies.
Education grants
651.000
Special grants
191.000
Grants for social activities
150.000
992.000
Shipping and seafarers interests
10.964.000
Schools, teaching and grants for studying
81.000
Youth activities
50.000
Elderly activities
244.000
Social work
8.567.000
Nordic and international relations
Science and health research
1.000.000
Culture
7.959.000
Lauritzen relatives
1.640.000
30.505.000
Grants total:
31.497.000
Rent income from the Foundation's properties
862.000
Properties' operation costs
-2.980.000
Foundations' administration incl. staff cost
-13.097.000
Dividend from subsidiaries
0
Cash flow profit 2020 of Lauritzen Fonden
-15.215.000
Grants 2020
34.761.000
The Group's total tax payment
81.614.000
(Means not placed in affiliated companies or property)
Securities and cash (95%)
Grants 2020 (5%)
Properties and sites
36.851.000
Investments in subsidiaries
5.675.384.000
Receivables and other lending
3.479.000
Securities
454.410.000
Cash
4.018.000
Total assets
6.174.143.000
Equity
5.122.959.000
Long term debt
907.748.000
Approved not yet paid grants
72.577.000
Other debt
70.859.000
Total liabilities
6.174.143.000
As parent company of J. Lauritzen A/S (100 % owned), DFDS A/S (43 % owned) and LF Investment ApS (100 % owned) and as a commercial foundation our task can be divided into two: 1) maintaning 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 philantrophy. Our assets are, as depicted in the chart above, primarily bound up in stocks from our subsidiaries. The profit from these investments determine the amount of which we distribute grants from.
J. Lauritzen A/S (9%)
DFDS A/S (69%)
LF Investment ApS - real estate and property (15%)
Securities and cash funds (7%)
Tranegårdsvej 20 | 2900 Hellerup | CVR-nr. 15 45 36 13
Tel. +45 3396 8425 | kontakt@lauritzenfonden.com