Alfried Krupp von Bohlen und Halbach Foundation

The Alfried Krupp von Bohlen und Halbach Foundation (German: Alfried Krupp von Bohlen und Halbach-Stiftung) is a major German philanthropic foundation, created by and named in honour of Alfried Krupp von Bohlen und Halbach, former owner and head of the Krupp company, once the largest company in Europe.

On the death of Alfried Krupp von Bohlen und Halbach in 1967[1], the entire holdings of the Krupp family were transferred to the foundation. Today, the foundation is the largest shareholder of the ThyssenKrupp industrial conglomerate (20.9% as of 2018) and largely controls the board of the company. The foundation is also tasked with preserving the “unity” of Thyssenkrupp and uses proceeds from ThyssenKrupp’s dividend payments to further good causes in science and education.[2]

References

  1. ↑ "Historie - Alfried Krupp von Bohlen und Halbach-Stiftung". Retrieved 13 September 2017.
  2. ↑ Tom Kaeckenhoff, Arno Schuetze and Edward Taylor (July 17, 2018), Thyssenkrupp's foundation to steer conglomerate in leadership crisis Reuters.
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