Each year, a share of the VELUX Group’s profits is returned to society through two non-profit foundations, the VELUX FOUNDATION and the VILLUM FOUNDATION. In 2013, the two foundations made 505 donations, totalling of €158 million
The VILLUM FOUNDATION
In 1971, Villum Kann Rasmussen set up the VILLUM FOUNDATION . Its grants target natural science and technology research, awarding the Villum Kann Rasmussen Annual Award for Technical and Scientific Research each year. It also supports social, environmental and cultural projects.
The VELUX FOUNDATION
In 1981, Villum Kann Rasmussen supplemented The VILLUM FOUNDATION with the VELUX FOUNDATION . The primary purpose of this foundation is to support active elderly citizens, gerontological research, ophthalmological research and humanities research projects. However, the Foundation also supports major projects with cultural, social or artistic purposes.