In 1960, Jacob Wallenberg (1892-1980) established the Marcus and Amalia Wallenberg Foundation, named after his parents. The initial endowment was SEK 442,000. In 1978, Jacob Wallenberg enlarged the endowment by donating his estate Malmviks Gård, which conducts farming and forestry activities.
Grants in 2016 amounted to SEK 88 million. The Foundation has distributed more than SEK 1.1 billion in grants since its establishment, mainly to Swedish universities, other academic institutions, schools and non-profit organizations.
Focus on the humanities and learning
The Foundation primarily grants funding for the humanities and learning.
The Foundation mainly funds projects of high scientific potential and provides individual support to outstanding scientists. The Foundation also initiates programs to support children’s activities and, from time to time, also initiates scholarship programs.