Basic principles of good foundation practice

In its foundation activities, the Fritz Thyssen Foundation bases its actions on the Basic Principles of Foundation Practice of the Association of German Foundations and on the Principles of Good Practice of the European Foundation Centre. It has helped develop the 20 principles of good foundation practice together with the other major German foundations.

The Fritz Thyssen Foundation is a member of the Association of German Foundations, the umbrella organisation representing the interests of foundations. The biggest association of foundations in Europe, it has more than 3,900 members. More than 7,000 foundations are affiliated with it through foundation administrations. The Association of German Foundations thus represents three-fourths of foundation assets valued at EUR 100 billion in Germany. 95 percent of foundations in Germany are non-profit organisations. They spend EUR 16 to 17 billion per year for purposes laid down in their statutes.

The Chairman of the Board is Prof. Dr. Michael Göring, Chairman of the Board of the ZEIT-Stiftung Ebelin und Gerd Bucerius. Deputy Chairman is Prof. Dr. Joachim Rogall, Chief Executive Officer of the Robert Bosch Stiftung GmbH.

You can find more information on the Association of German Foundations at www.stiftungen.org.