The story
History
In a speech at a celebration of the company anniversary in the Villa Hügel on 1 April 1967, Alfried Krupp von Bohlen und Halbach announced the plan to transform the company Fried. Krupp into a capital corporation with the help of a Foundation, claiming that this served as an expression of the company's tradition of commitment to the public interest. He reasons this in the “...Krupp's tradition to never view commercial decisions – regardless of how important they may be – isolated from the social responsibilities of personal wealth.” The transformation appeared to Alfried Krupp to be the best solution, not only to live up to modern economic requirements, but also to secure the company's succession. The idea of transforming the company into a Foundation dates back to discussions between Krupp and his personal chief representative Berthold Beitz in the 1950s. In September 1966, Alfried Krupp drew up his last will and established an incorporated charitable Foundation under civil law, which he appoints as the sole heir to his complete private fortune and company assets. Beitz and Alfried's son Arndt von Bohlen und Halbach, as well as lawyer Dedo von Schenck were the appointed executors of his will. The Foundation was only made possible due to the renunciation of inheritance by his son Arndt.
With Alfried Krupp's death on 30 July 1967, the testament came into force, and the Alfried Krupp von Bohlen und Halbach Foundation launched into business on 1 January 1968. The company Fried. Krupp was transformed into the capital corporation Fried. Krupp GmbH, whose shares were held entirely by the Foundation.
The Foundation serves exclusively and directly charitable purposes and takes action in the fields of science, education, healthcare and sports as well as literature, music and fine arts. Specifically, projects in Essen, in the Ruhr region as well as domestically and abroad are being supported. At the same time, the Foundation is politically and denominationally independent.
The purpose of the Foundation is especially fulfilled by the support of:
scientific institutions, research projects and publications
the education of young people
sports clubs, teams, and sports-related institutions as well as the Germania VI
museums, artistic projects as well as cultural and historical institutions
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events
healthcare institutions
the awarding of scholarships and prizes
Krupp Historical Archive
The Krupp Historical Archive is the oldest German business archive with more than a century worth of history to look back on. As early as 1905, the Fried. Krupp AG and the Krupp family founded a works archive and a family archive. These two archives were merged in the mid-1950s to become the Krupp Historical Archive in the Villa Hügel. It is located in the Small House of Villa Hügel. The Krupp Historical Archive contains records filling about 10 kilometres of shelf-space, among those also 2.5 million photographs as well as 5,000 films and audio recordings. Most documents are from the 19th and 20th century, yet the oldest dates back to the 1437. The holdings of the archive are also available digitally in the German Digital Library.
The Krupp-Foundation Fellowship for Visiting Student Researchers at Stanford
The Alfried Krupp von Bohlen und Halbach Foundation has joined forces with Stanford University to create the Krupp-Foundation Fellowship for Visiting Student Researchers at Stanford with the goal to contribute to strengthening German-American academic relations in the humanities. Within this programme, the Krupp Foundation is awarding three research scholarships to German doctoral students in the area of humanities to enable them to spend time at Stanford University to research their dissertation project. The aim of this programme is to support outstanding young scientists in their scientific further development and to help them build an international network.
From Wikipedia’s article on Alfried Krupp von Bohlen und Halbach Foundation, shared under CC BY-SA 4.0.5