The IKEA Foundation is a large philanthropy. Its grantmaking efforts are focused on poverty reduction and climate change. This is because its board sees these two issues as the biggest threats to the future of children worldwide.
IKEA has historically given out somewhere in the region of €200 million ($232.8 million) in grants each year. In 2021, IKEA decided to make an additional €1 billion available for five years in response to the rise of greenhouse gas emissions.
IKEA works in the most vulnerable parts of the world. It also supports global climate change action programs. IKEA focuses its climate funding in the European Union, India, Brazil, and Indonesia, believing that it would have the most impact.