In celebration of Grundfos' 75th anniversary, the Poul Due Jensen Foundation (Grundfos Foundation) has expanded its budget for donations from planned 125m DKK to 200m DKK. The main donation areas remain water, research, and inclusion, but the Foundation will move its attention to the fight against COVID-19 this year.
The Poul Due Jensen Foundation has received the annual report from the Grundfos Group and greatly appreciates the historic levels of growth and profitability. The result increases dividend paid out to the Foundation whose primary purpose is to own and develop Grundfos. The Foundation also contributes to society through philanthropic donations within three strategic areas: Research and learning, Water and development, and Inclusion. The Foundation committed 117m DKK to philanthropic projects in 2019.
Kim Nøhr Skibsted, Executive Director, Poul Due Jensen Foundation said: "In 2020, Grundfos turns 75. This is a good occasion for expanding the donation activities significantly, and we plan to commit 200m DKK to donations this year. The funds will primarily support our existing donation areas where we support mission-driven research and learning, sustainable solutions, humanitarian aid through access to drinking water and inclusion of the socially vulnerable through public-private collaboration. There's plenty of worthy causes to support, and our donations should help bring about new, ground-breaking solutions."
In 2019, the Foundation celebrated completion of the Nyarugusu Refugee Camp water distribution system and bringing access to drinking water to over 200,000 people in Western Tanzania in partnership with the American NGO, Water Mission. The Foundation supports similar projects in collaboration with UNICEF, Plan International and Oxfam.