Key figures
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.
In 2018 we expect to distribute approximately DKK 42 million in grants.
Education grants
438.000
Special grants
704.000
Grants for social activities
-36.000
1.106.000
Shipping and seafarers interests
1.101.000
Schools, teaching and grants for studying
6.205.000
Youth activities
195.000
Elderly activities
225.000
Social work
14.657.000
Nordic and international relations
366.000
Science and health research
Culture
1.890.000
Lauritzen relatives
2.051.000
26.690.000
Grants total:
27.796.000
Cash flow for the year of Lauritzen Fonden (88%)
Grants 2017 (12%)
Rent income from the Foundation's properties
2.435.000
Properties' operation costs
-4.374.000
Foundations' administration incl. staff cost
-8.709.000
Dividend from subsidiaries
239.184.000
Result before financial items
228.536.000
Net financial items
8.377.000
Cash flow profit 2017 of Lauritzen Fonden
236.913.000
Grants 2017
27.796.000
Net profit in subsidiaries
121.205.000
The Group's total tax payment
78.781.000
(Means not placed in affiliated companies or property)
Securities and cash (95%)
Grants 2017 (5%)
Properties and sites
33.227.000
Investments in subsidiaries
5.139.711.000
Receivables and other lending
4.993.000
Securities
223.702.000
Cash
293.681.000
Total assets
5.695.314.000
Equity
5.659.339.000
Approved not yet paid grants
34.294.000
Other debt
1.681.000
Total liabilities
5.695.314.000
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 (29%)
DFDS A/S (48%)
LF Investment ApS - real estate and property (14%)
Securities and cash funds (9%)
Tranegårdsvej 20 | 2900 Hellerup | CVR-nr. 15 45 36 13
Tel. +45 3396 8425 | kontakt@lauritzenfonden.com