Contrary to what the name implies, the Volkswagen Foundation is not a corporate foundation. Located in Hanover, it is a completely independent non-profit foundation established under private law. With an annual funding volume of around 150 million euros it is among the country‘s largest foundations, and it is the largest private science funding foundation in Germany. The funds allocated by the Foundation are generated from its capital and assets of currently about 3,1 billion euros. These funds are supplemented by profit entitlements accruing from Volkswagen AG shares held by the Federal State of Lower Saxony (mainly dividends).
Support for junior scholars and scientists
The Volkswagen Foundation places a special focus on providing support for junior scholars and scientists and fostering cooperation between researchers across the borders of disciplines, cultures, and national states.