Enterprise Foundation
Put simply, the characteristic of an enterprise foundation is that it “owns itself”. Funds held by the foundation can only be used for its purposes. This is irrevocable.
Put simply, the characteristic of an enterprise foundation is that it “owns itself”. Funds held by the foundation can only be used for its purposes. This is irrevocable.
Interogo Foundation is an enterprise foundation (Unternehmensstiftung), an independent entity with legal personality under Liechtenstein law. The foundation has its own governing bodies and exists for an unlimited period of time.
The purpose of Interogo Foundation is to secure the independence and the longevity of the IKEA Concept and the financial reserves needed to ensure this.
Put simply, the characteristic of an enterprise foundation is that it “owns itself”. Although the foundation is discretionary in nature, there is no, and can never be, any individual beneficiary of Interogo Foundation. Funds held by the foundation can only be used for its purposes. This is irrevocable.
The Kamprad family are irrevocably excluded from all direct and indirect benefit without recompense. If any family member becomes employed in any of the businesses owned by Interogo Foundation, they would only be eligible for a salary under the same terms as any other co-worker. This also applies to board fees, which can only be paid under the same conditions as those paid to non-family board members. In addition, business transactions can only take place at market conditions, as with other parties.
Consequently, the Kamprad family neither owns nor controls Interogo Foundation. It is, however, intended that the family of Ingvar Kamprad, as the founder of IKEA, over generations should be offered the opportunity to be engaged in the Advisory Council (Beirat) of Interogo Foundation, but always in a minority.
Independence and Longevity