Structure
The three largest Foundations – Knut and Alice Wallenberg Foundation, Marianne and Marcus Wallenberg Foundation, and Marcus and Amalia Wallenberg Foundation jointly own FAM AB, an unlisted company whose purpose is to own and manage its direct holdings, and function as an active owner with a long-term commitment.
The three Foundations also have substantial holdings in the listed company Investor AB, which is a leading owner of international companies, most of them with Swedish roots.
Active engagement in these companies forms the basis for the Wallenberg family’s commitments, and it is this long-term involvement in the international operating companies that enables the Foundations to award funding of just over SEK 2.2 billion each year for Swedish research and education.
Dividends on the holdings are used to fund research and education grants.
AB SKF is a Swedish bearing and seal manufacturing company founded in Gothenburg, Sweden, in 1907. The company manufactures and supplies bearings, seals, lubrication and lubrication systems, maintenance products, mechatronics products, power transmission products, condition monitoring systems and related services globally.
The Wallenberg family is a prominent Swedish family, Europe's most powerful business dynasty. Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, diplomats, and military officials. The Wallenberg sphere's holdings employ about 1 million people, and have sales of $154 billion a year. The Wallenberg empire consists of 16 Wallenberg Foundations, Foundation Asset Management AB (FAM), Investor AB, Patricia Industries, and Wallenberg Investments AB.
Peter "Pirre" Wallenberg Sr. was a Swedish business leader who was chairman of Investor AB for ten years.
Kinnevik AB is a Swedish investment company that was founded in 1936 by the Stenbeck, Klingspor and von Horn families.
The Axel Johnson Group is a Swedish family-owned company run by the fourth and fifth generation of family owners. It traces its origins to the trading company A. Johnson & Co, founded in 1873. The group consists of four legally and financially independent groups with a common owner, Antonia Ax:son Johnson and her family. In addition, the group has proprietary interests in the British company Spirent plc, listed on the London and New York Stock Exchanges, and in Nordstjernan, which in turn has major interests in other companies, including the listed company NCC.
Stockholms Enskilda Bank, sometimes called Enskilda banken or SEB, was a Swedish bank, founded in 1856 by André Oscar Wallenberg as Stockholm's first private bank. In 1857, Stockholms Enskilda Bank began to employ women, claiming to be the first bank to do.
Carnegie Investment Bank AB is a Swedish financial services group with activities in securities brokerage, investment banking and private banking.
Knut and Alice Wallenberg Foundation (KAW) is a Swedish public and private foundation formed in 1917 by Knut Agathon Wallenberg and his wife Alice Wallenberg. It was created to support research in the natural sciences, technology and medicine by awarding long-term grants to basic research of the highest international class.
Until 1969, the term private foundation was not defined in the United States Internal Revenue Code. Since then, every U.S. charity that qualifies under Section 501(c)(3) of the Internal Revenue Service Code as tax-exempt is a "private foundation" unless it demonstrates to the IRS that it falls into another category such as public charity. Unlike nonprofit corporations classified as a public charity, private foundations in the United States are subject to a 1.39% excise tax or endowment tax on any net investment income.
Foundation Asset ManagementAB is a Swedish foundation asset management company, founded by the three largest Wallenberg foundations in order to manage the assets of the foundations, by means of direct ownership as well as through management and consultancy agreements. The administration of all the foundations and the donations of all the Wallenberg foundations is handled through a subsidiary. The Wallenberg foundations is an informal collective name for the twenty different foundations founded by the members of the Wallenberg family.
Jacob Wallenberg is a Swedish banker and industrialist, currently serving as a board member for multiple companies. The Guardian has once quoted him as the prince in Sweden's royal family of finance.
Novo Holdings A/S is the Novo Nordisk Foundation's wholly owned holding company for Novo Nordisk A/S and Novozymes A/S. Novo Holdings A/S was established in 1999 and manages the Novo Nordisk Foundation's assets, which in 2021 was worth almost DKK 700 billion Danish Kroner and is the largest charitable foundation in the world making Novo Holdings A/S a world-leading life sciences investor. Novo Holdings A/S is headquartered in Copenhagen, Denmark, with offices in San Francisco, Boston and Singapore.
Peter “Poker” Åke Wallenberg is a Swedish businessman, chair of eight of the sixteen public and private foundations formed by the Wallenberg family or established in memory of family members. The foundations, which are known collectively as the Wallenberg Foundations, annually award funding of approximately SEK 2.2 billion, largely for research and education at Swedish universities.
The Novo Nordisk Foundation is an international enterprise foundation focusing on medical treatment and research.
Climate Impacts Research Centre (CIRC) is a research institute based at the Department of ecology and environmental science (EMG) at Umeå University, Sweden, but primarily operative at Abisko Scientific Research Station which is run by the Swedish Polar Research Secretariat.
Jacob "Juju" Wallenberg was a Swedish banker and industrial leader. Wallenberg held various central positions in Stockholms Enskilda Bank. He was also chairman of the board of several companies, including Stora Kopparbergs Bergslag and Orkla Mining Company. From 1934 to 1944 he was a member of the Swedish governmental commission for trade with Germany.
Marcus and Amalia Wallenberg Foundation was formed with a donation from the banker Jacob Wallenberg in 1960. The original donation was SEK 442,000.
Akelius Residential Property AB is an international residential real-estate company registered in Sweden. Akelius Residential Property owns nineteen thousand rental apartments in New York, Boston, Washington D.C., Austin, Toronto, Montreal, Ottawa, Quebec City, Paris, and London.
Enterprise foundations are foundations that own companies.
Wallenberg AI, Autonomous Systems and Software Program (WASP), launched in 2015, is Sweden’s largest individual research program.
