Key figures 2022
Education. social and special grants
1.348.000
Shipping and seafarers interests
15.720.000
Social work
27.439.000
Culture
8.385.000
Lauritzen relatives
1.126.000
Grants total
54.018.000
Wite-downs on former grants
-1.776.000
Total
52.242.000
Rent income from the Foundation's properties
2.722.000
Properties' operation costs
-2.180.000
Foundations' administration incl. staff cost
-16.526.000
Operating profit/loss before depreciation
-15.984.000
Properties
40.088.000
Investments in subsidiaries
7.509.778.000
Receivables
5.359.000
Securities
388.082.000
Cash
103.202.000
Total assets
8.046.509.000
Equity
7.959.672.000
Approved not yet paid grants
83.720.000
Other debt
3.117.000
Total Equity & Liabilities
8.046.509.000
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. The cash flow from investments determines the amount of which we distribute grants from.
Lauritzen Fonden Holding ApS (93%)
Securities and cash funds (6%)
Property and other assets (1%)
Tranegårdsvej 20 | 2900 Hellerup | CVR-nr. 15 45 36 13
Tel. +45 3396 8425 | kontakt@lauritzenfonden.com