Hamburg

Hamburg now bastion of foundations and adding ever more

30 January 2023
32 new foundations in 2022 - assets increased by EUR 91 million

A total of 32 new foundations including 30 charitable ones were officially recognized by Hamburg's Ministry for Justice last year, a press release said Friday (January 20, 2023). The latter contributed EUR 91 million to assets. The new foundations focus on science and research, social issues as well as environmental protection, nature conservation and sports.

Investments and foundations 

"Last year, more money was invested in new foundations than at any time since 2008. At the same time, more new charitable foundations were established than at any time since 2015,"  sid Anna Gallina, Senator for Justice. Hamburg can take pride in the commitment of founders as they contribute to the common good in the city, which boosts talks and cohesion, she noted.

1,490 foundations - over EUR 11 billion in endowment assets

Hamburg is now home to more than 1,490 foundations with assets of over EUR 11 billion. The 800-year-old Hospital zum Heiligen Geist is the oldest foundation in Hamburg. The ministry has also set up a section for all issues related to foundations and offers free advice on setting up and managing a foundation.  

nj/mm/pb

Sources and further information

More

LocationHamburgPromotion

Similar articles

Aerial view of an industrial port area with waterways, bridges, and construction sites under a cloudy sky.
© Mediaserver doublevision.me

H2Global foundation set up in Hamburg

16 companies as founding members – German government providing EUR 900 million in funds
Aerial view of Hamburg harbour with the Elbphilharmonie concert hall and a container ship on the river Elbe.
© Mediaserver Hamburg/Andreas Vallbracht

"Ambient" podcast making Hamburg audible

Podcast with sounds of Hamburg now online - available every second Friday
Aerial view of a river harbour at sunset with industrial buildings, cranes, and docked ships.
© mediaserver.hamburg/DoubleVision - doublevision.me

"Update Hamburg 2022“ advancing social innovations

Ministry of Economics to fund 18 projects with a maximum of EUR 100,000 each
A group of five young professionals having a lively meeting around a wooden table in a modern office.
© Mediaserver Hamburg/Christian Brandes

Ministry of Science announces "Calls for Transfer" scheme

15 new projects due to start
The Consent Management Platform (https://app.usercentrics.eu/) we use could not be loaded. This can happen if AdBlockers incorrectly block this URL. Some features such as maps, proximity search or forms, cannot be used this way. To use these features, please deactivate your AdBlocker or allow access to *.usercentrics.eu.