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.

 

Grants 2020 (DKK)

Lauritzen Group employees:

Education grants

651.000

Special grants

191.000

Grants for social activities

150.000

992.000

External grants:

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

Excerpt from profit and loss 2020

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

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

(Means not placed in affiliated companies or property)

  •  

    Securities and cash (95%)

  •  

    Grants 2020 (5%)

Balance sheet

Assets

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

Liabilities

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

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 (9%)

  •  

    DFDS A/S (69%)

  •  

    LF Investment ApS - real estate and property (15%)

  •  

    Securities and cash funds (7%)

Annual Report 2020

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Annual Report 2019

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Annual Report 2018

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Annual Report 2017

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Annual Report 2016

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Annual Report 2015

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Annual Report 2014

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Annual Report 2013

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Tranegårdsvej 20 | 2900 Hellerup | CVR-nr. 15 45 36 13

Tel. +45 3396 8425  | kontakt@lauritzenfonden.com