Purposes and policies

The statutes are the fundamental and long-term rules established to govern the Foundation’s activities. Amendments have been made to the statutes as and when required with the approval of the Foundation authority. The latest amendment permits the Foundation to support environmental purposes.

The Foundation is a non-profit organisation dedicated to supporting a number of purposes of benefit to society, as follows:

- Grants to encourage and preserve activities among elderly citizens. Grants within this area may be made to individuals or a small group of persons and for a specific activitity or as an honorary award.

- The Foundation can also make grants for gerontological research and opthalmological research. In addition, the Foundation can make honorary awards to medical doctors or others who have specialised in gerontological or ophthalmological research.

- The Foundation can make grants for individual, specific, well-delimited, large-scale projects in the areas of research, art, culture and social and environmental purposes.

In connection with the board’s consideration of applications, as a rule, expert assistance will be retained, and is anonymous in relation to applicants.

Grants are as a rule made to cover a period of maximum three years, but exceptionally of up to five years.

Funding is not available for general, un-itemised operating expenses.

The grant-making areas prescribed by the statutes and the policies adopted by the board of the Foundation are described in more detail under the menu items on the left.