- The BMW Group’s foundations are to consolidate as the BMW
Foundation Herbert Quandt - Foundation will develop Eberhard von Kuenheim Fund for impact investing
- Stefan Quandt and Susanne Klatten: €30 million to support BMW
Foundation Herbert Quandt
Munich. To mark its centenary year, the BMW Group is
enhancing its commitment to social responsibility. The capital of its
foundation, BMW Foundation Herbert Quandt, will be increased by €50
million to a total of €100 million. In addition, annual donations will
be made to support project work. In 2016 the donation will amount to
another €5 million. Further financing will be provided by major
shareholders Stefan Quandt and Susanne Klatten, who will support the
foundation’s project work with an additional €30 million.
As financial support increases, foundation activities will be
refocused, with the BMW Group’s two foundations – BMW Foundation
Herbert Quandt and the Eberhard von Kuenheim Stiftung – consolidating
to pool their strengths as a single organisation. This organisational
and strategic realignment, and the additional financial support will
enhance the foundation’s potential in terms of both scope and
geographical reach.
Speaking today, Harald Krüger, Chairman of the Board of Management of
BMW AG, said: “We see ourselves as an integral part of society. To
emphasise that point, we are enhancing the activities of our foundation.”
BMW Foundation Herbert Quandt considers itself a driver of social
innovation and a barometer of global change. Its mission is to
encourage people to take responsibility in politics, business, science
and society, irrespective of borders. The foundation’s Board of
Directors is chaired by former ambassador Dr Michael Schaefer and
includes Markus Hipp and Carl-August Graf von Kospoth. Former Chairman
of the BMW AG Supervisory Board, Prof Joachim Milberg, is Chairman of
the Board of Trustees.
By developing the Eberhard von Kuenheim Fund, the foundation will
increase its activities in impact investing. It will also be able to
reinterpret and sustain the fundamental idea behind the foundation
Eberhard von Kuenheim Stiftung: to promote free enterprise.
If you have any queries, please contact:
Corporate Communications
Martina Hatzel, Corporate Affairs, martina.hatzel@bmwgroup.com
Telephone: +49 89 382-11966, Fax +49 89 382-24418
Nikolai Glies, Head of Business and Finance Communications, nikolai.glies@bmwgroup.com
Telefon: +49 89 382-24544, Fax: +49 89 382-24418
Internet: www.press.bmwgroup.coom
E-Mail: presse@bmw.de
The BMW Group
With its three brands BMW, MINI and Rolls-Royce, the BMW Group is the
world’s leading premium manufacturer of automobiles and motorcycles
and also provides premium financial and mobility services. As a global
company, the BMW Group operates 30 production and assembly facilities
in 14 countries and has a global sales network in more than 140 countries.
In 2015, the BMW Group sold approximately 2.247 million cars and
nearly 137,000 motorcycles worldwide. The profit before tax for the
financial year 2014 was approximately € 8.71 billion on revenues
amounting to € 80.40 billion. As of 31 December 2014, the BMW Group
had a workforce of 116,324 employees.
The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.
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