Country profile

Norway

Definition
By foundation is meant a capital asset made available by testament, endowment or other lawful act to be used independently for a specific purpose of a non-profit, humanitarian, cultural, social, educational, financial or other nature. A legal entity that meets the conditions laid down in the first sentence is a foundation pursuant to this Act, regardless of whether it is designated as a legacy, institution, fund or otherwise.

Norway’s philanthropy profile

€20 billion

Pool of assets

No data

Total expenditure

18,000

Total employment

Norway’s foundations

6385

foundations