Grundfos Foundation to Donate $29 Million, Help Fight COVID-19
HOUSTON — In celebration of Grundfos’ 75th anniversary, the Grundfos Foundation, owner of Grundfos, a global manufacturer of water technology, has expanded its budget for donations from its planned $18 million to $29 million. The main donation areas remain water, research, and inclusion, but the foundation will move its attention to the fight against COVID-19 this year.
The Poul Due Jensen Foundation has received the annual report from the Grundfos Group and greatly appreciates the historic levels of growth and profitability. The result increases the dividend paid out to the foundation, whose primary purpose is to own and develop Grundfos. The foundation also contributes to society through philanthropic donations within three strategic areas: research and learning, water and development, and inclusion. The foundation committed $17 million to philanthropic projects in 2019.