Since 2010, the IKEA Foundation has donated $472.12 million in grants. Photo by: Håkan Dahlström / CC BY
The IKEA Foundation was founded in 1982 and serves as the philanthropic arm of INGKA Foundation, the owner of the IKEA Group of companies. Since 2010, the foundation has donated a total of 420 million euros ($472.12 million) in grants, focusing on creating better opportunities for children living in poverty. Based in the Netherlands, the foundation finances projects worldwide through the profits of the home furnishings brand.