Lauritzen Fonden distributes grants to cultural, educational and social activities in Denmark. Through our 100 % owned daughter company, Lauritzen Fonden Holding ApS, 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.

 

Grants 2021 (DKK) ( before write-downs and reversals)

Lauritzen Group employees:

Education grants

965.018

Special grants

139.600

Grants for social activities

489.402

1.594.020

External grants:

Shipping and seafarers interests

1.214.000

Schools, teaching and grants for studying

7.324.279

Youth activities

35.000

Elderly activities

129.000

Social work

16.281.925

Nordic and international relations

7.000

Science and health research

0

Culture

5.445.615

Lauritzen relatives

1.211.391

31.648.210

Grants total:

33.242.230

Excerpt from profit and loss 2021

Rent income from the Foundation's properties

1.541.000

Properties' operation costs

-6.594.000

Foundations' administration incl. staff cost

-15.135.000

Dividend from subsidiaries

0

Cash flow profit 2021 of Lauritzen Fonden

-20.188.000

Grants 2021

31.627.000

The Group's total tax payment

100.830.000

Grants in relation to the Foundation's securities and cash:

(Means not placed in affiliated companies or property)

  •  

    Securities and cash (97%)

  •  

    Grants 2021 (3%)

Balance sheet

Assets

Properties and sites

36.916.000

Investments in subsidiaries

6.410.745.000

Receivables and other lending

30.961.000

Securities

470.810.000

Cash

1.989.000

Total assets

6.951.422.000

Liabilities

Equity

6.002.150.000

Long term debt

876.498.000

Approved not yet paid grants

68.333.000

Other debt

4.441.000

Total liabilities

6.951.422.000

Distribution of Lauritzen Fonden's assets:

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 (22%)

  •  

    DFDS A/S (64%)

  •  

    LF Holding ApS - real estate and property (7%)

  •  

    Securities and cash funds (7%)