Source of informationThe Norwegian Gaming and Foundation Authority.
A characteristic feature of Norwegian foundations is that the legal basis for this kind of entity is a disposition. This disposition can, for example, be a gift or similar, or placing an asset of financial value, most commonly money, at the independent disposal of a foundation for defined purpose, included but not limited to idealistic, humanitarian, social, educational and financial activities. Like associations, foundations are self-owned legal entities authorised to enter into contracts with third parties, and be a party in legal actions before the courts and in relation to the authorities.
Number of foundations
7,311 foundations. Nearly 900 are financial foundations, and the rest (6468) are so-called non-profit foundations established for a wide range of purposes.
Pool of assets
€18,272 million (2014)
€400 million (2014)
More on the sector
The Freedom of Expression Foundation (Fritt Ord) is the largest Norwegian foundation, not taking into account the savings banks foundations.
The Norwegian Gaming and Foundation Authority www.lottstift.no
EUFORI STUDY : European Foundations for Research and Innovation : Norway Country Report, European Union, 2015.