On the occasion of the company’s centenary in 2016, BMW AG expanded its commitment to corporate citizenship. Since then, the BMW Stiftung Herbert Quandt and the Eberhard von Kuenheim Stiftung have been combining their activities in order to increase their global impact.

For this reason, the two foundations have consolidated their staffs and operations into the BMW Stiftung Herbert Quandt, and the capital of the BMW Stiftung Herbert Quandt has been significantly increased. To account for the growing international orientation of the foundation, it was renamed “BMW Foundation Herbert Quandt” in 2017.

In 1959, Herbert Quandt secured the independence of BMW and thus laid the foundation for the successful development of the automobile company. In recognition of his entrepreneurial achievement, BMW AG in 1970 established the BMW Stiftung Herbert Quandt.

Thirty years later, BMW AG launched another corporate foundation, the Eberhard von Kuenheim Stiftung, in honor of Eberhard von Kuenheim, long-time chairman of its management and supervisory boards. The Eberhard von Kuenheim Stiftung continues to support its own projects.

Through its Responsible Leadership programs, global network, and impact investments, the BMW Foundation Herbert Quandt aims to promote the Sustainable Development Goals of the United Nations 2030 Agenda. The relationship between the corporate founder and the foundations is guided by the Ten Recommendations for Nonprofit Corporate Foundations, published by the Association of German Foundations.

The BMW Group is the world’s leading premier manufacturer of automobiles and motorcycles and provider of premium financial and mobility services. It has more than 124,000 employees worldwide and in 2016 had revenues of over €94 billion. Firmly rooted in Germany, the Group is active internationally, including in the United States, China, India, and Brazil. As a global company, the BMW Group operates 31 production and assembly facilities in 14 countries and has a global sales network with offices in more than 140 countries.

Innovation has been a trademark of the BMW Group since the company’s establishment in 1916. An early champion of electromobility and digitization, the BMW Group is also an industry pioneer in sustainability: Environmental and social sustainability, comprehensive product responsibility, and a commitment to resource conservation are core elements of its strategy. It is the only automotive company that has been listed continuously in the Dow Jones Sustainability Index since 1999.

Corporate citizenship forms an integral part of the BMW Group’s self-definition. The company engages with current challenges in society – especially in those areas where its core expertise can make a difference and achieve specific, measureable improvements. The focus is on long-term solutions, which can be transferred to other parts of the world and help people help themselves, thereby making a substantial and lasting impact.

In 2016, the assets of the new BMW Foundation Herbert Quandt increased by €50 million to €100 million. In addition, the organization receives annual donations from its donor to expand its projects – for example, an additional €5 million in 2016. The main shareholders of the BMW Group, Stefan Quandt and Susanne Klatten, contributed another €30 million to the Foundation.

In the 2017 financial year, the BMW Foundation Herbert Quandt achieved earnings amounting to a total of €10,909,114 from interest rates, project-related income, other income, and donations from BMW AG. A total of €9,262,844 was used for the Foundation’s statutory non-profit programs and projects and other expenses. Administrative costs made up 12 percent (€1,131,800) of the total expenses. On December 31, 2017, a foundation reserve existed in the amount of €83,749,094.

The financial management for which the Foundation is responsible included, as in the previous year, the overall budget planning for the current and upcoming financial year, investment management of the interest distributions, general bookkeeping and budget planning including income and expenditure administration at project level, as well as controlling.

Through its financial and asset guidelines, the BMW Foundation Herbert Quandt aims to achieve long-term stability and to provide sufficient liquidity to fund the Foundation’s activities and grants while preserving real capital.

KPMG AG Wirtschaftsprüfungsgesellschaft (auditing company) audited the 2017 annual financial statements of the BMW Foundation Herbert Quandt, together with the foundation’s bookkeeping, in the spring of 2018. The audit also extended to the maintenance of the endowment capital and the appropriate use of its earnings and of any benefits intended for consumption. The foundation was issued with an unqualified audit opinion for the 2017 financial year.

 

 

Asset Overview (as of September 7, 2018)