Annual report
2019
Photo: UNW Costa Rica
Grieg Foundation owns 25% of the Grieg Group
25%
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Annual Report 2019
Annual Report 2019
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Reflections as I pass on the baton in Grieg Foundation
employments. But the activities within Grieg Foundation give a different type of footprints that are rewarding for all of us. The annual reports from GF during these 17 years, give a good overwiew of what we have supported. Some projects are smaller and have only received support for one year. Large projects, like SOS Children´s Villages, have been with us for many years and required active follow up. These projects would not have been possible and been so successful without our initiative. I am grateful for having had the opportunity to work with Grieg Foundation and before that in a more direct manner for the Grieg Group companies. Businesses come and go. The activities of GF give results that will be Lasting Footprins when we are all gone.
Per Grieg sr, retiring Secretary Almost all of the cultural and charitable institutions in Bergen are results of private initiatives and financing. These initiatives very often come from the City’s leading industrialists, shipowners and businessleaders. This tradition is so strong that the sustainability of many of the institutions that makes Bergen a flourishing city both culturally and within science, health-services and public services, depends on this support. The Grieg family has always taken part in this legacy and continued this tradition.
«It is human beings that in a constructive, ethical and morally sustainable manner can create this future world to the best of all humanity. This we must help to shape.»
For my part, I have felt it as an enrichment in my life to be able to take an active part in the cultural developement of Bergen. As our Group has grown and become more international, and Norway has become richer and richer, we have found it natural to also support people and projects in parts of the world that are less fortunate than us.
We can of course be proud of the considerable growth and achievments within the Group during my 60 year period, espesially for creating so many new
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Annual Report 2019
Per Grieg sr
Photo: svein bringsdal
During all the 60 years I have been with our Group, we have been involved in charity work. But it all became better orginised when Grieg Foundation was started in Norway in 2002. From then on, GF has owned 25 percent of the Group’s activities. Since this date we have been able to distribute more than 630 million NOK to a multitude of good causes for children and youth including schools and cultural institutions with an emphasis on music and education, medical research and other benevolent projects. We can be proud of this achievment. It comes from hard work and good results from everybody within the Grieg Group.
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Opportunities and footprints Grieg Foundation is a small foundation with big ambitions. We look for projects where our support can make a difference and have enduring impact. Our goal is to leave footprints by empowering people and communities.
«Grieg Foundation is a small foundation with big ambitions. Our goal is to leave footprints by empowering people and communities.»
I am proud and humble to continue and lead the philanthropic legacy of my father. I want to take this opportunity to extend my sincere gratitude to my father, Per Grieg Sr, to the previous Chair, Per Hagelien, and to Åse Karin Pettersen who has skillfully run the secretariat, for their dedication and tireless work. I also want to thank all employees within the Grieg Group. Grieg Foundation continues to grow thanks to the results of the Grieg Group. Children and young people will continue to be our main focus in addition to health, gender equality, music and culture. The last few years, we have also expanded our engagement to climate action and social impact investment. Human dignity rests on an opportunity for everybody to pursue their dreams and use their abilities to create a better world. Everything we do is anchored in our commitment to the sustainable development goals.
27 April 2020, Elna-Kathrine Grieg, new Chair
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Photo: svein bringsdal
Covid-19 has changed the world as we know it. As I write this, societies have shut down, borders are closed, and social distancing has been imposed on our way of life. The pandemic affects everyone and everything, but it affects the poor and marginalised the most. Our commitment to equal opportunity will be more important than ever. We will continue to work hard to find and fund projects that will make a difference.
Elna-Kathrine Grieg
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Everything we do is anchored in our commitment to the sustainable development goals.
Donations 2002-2019:
637 MNOK Children and youth
2019: Music and culture
Other projects
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health
44,2 MNOK
Children and Youth 19 MNOK Music and Culture 10 MNOK Health 8,5 MNOK Other projects 6,7 MNOK
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photo: UNW Costa Rica photo: SOS children’s village
Education is the great engine of personal development. Mandela
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Årsrapport 2019
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photo: UNW Costa Rica
Number of projects: 19 Total funds: 19 MNOK
Children and youth Education is the foundation to improving people´s lives. Education empowers and makes it possible to pursue dreams. We support access to quality education for the most vulnerable.
International projects: sos Children villages, international MadagasCar School-project Kolibri/CARF, Brasil CARE Norway, rwanda norwegian refugee council, iran Partnership for Change, Ethiopia UWC Costa Rica, Scholarships
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Photo: UNW Costa Rica
Grieg Foundation Scholarship
Photo: UNW Costa Rica
«Your scholarships honour your long commitment to education and youth by which you have made this life-changing experience possible for these young people from challenging situations.» Susan W. Mullins, Board Chair United World College, Costa Rica
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Preventing high school dropout among multicultural youth Inclusion and sense of belonging, one relationship at a time is the vision of the NGO Catalyst. We have funded their strength-based mentoring programs to prevent high school dropout among multicultural youth in Bergen. In 2019, 40 students participated in the programme.
Photo: Partnership for Change
The Grieg Foundation Scholarship is a two-year scholarship at the United World College in Costa Rica. Nine talented young students from SOS villages and low-income families in Latin America received the scholarship form 2019-2020.
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snapshots 2019:
Photo: Catalyst
snapshots 2019:
Education of preschool teachers in Ethiopia Access to quality day care centers for infants and toddlers has made it possible for a group of young poor women in Addis Ababa to get an education and to start working in the formal sector. We have funded the establishment of a three-year education programme for daycare teachers and assistants implemented by the Ethiopian Ministry of Education and the Norwegian NGO, Partnership for Change. 38 teachers and 180 assistants have finished their education and started working. We have also funded the establishment and running of a daycare centre for poor mothers who attend vocational education programs at the Good Samaritan Training Centre in Addis Abeba.
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photo: Festspillene berggen
Culture
Number of projects: 15 Total funds: 10 MNOK
Music and culture Art, music and culture transcend all boundaries and bring people together in a shared experience across age, background, status and nationality. Grieg Foundation has always been a major contributor to music, culture and art in and around Bergen. Major projects: Bergen Philharmonic Orchestra Bergen International Festival UNOF/VENUS, Youth Orchestra Opera Bergen Bergen National Opera Fargespill Os Festival
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snapshots 2019:
snapshots 2019:
Grieg Foundation Artist-in-Residence
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Restoring RS4 Feie – The first rescue boat on the coast of western Norway The Grieg Group has long shipping traditions, and the Grieg Foundation is a proud contributor to preservation and nurture of the rich maritime history in Bergen. RS4 Feie is a beautiful wooden sailing boat that was built in 1893 by the renowned shipbuilder Colin Archer. Feie served as rescue boat on the west coast of Norway until 1905. The Bergen Sailing Club owns the boat. Grieg Foundation has contributed to the restoration. “Feie” will be launched in Bergen in 2020.
Photo: Anita grønland
photo: Festspillene berggen
photo: thor brødreskift
“Festspillene”, The Bergen International Festival, is the oldest and most important festival for music and performing arts in Norway. For two weeks in May, there were music, art and theatre indoors and outdoors all over the city. Grieg Foundation funded the outdoor concert stage, “Festspillplassen”, which became a vibrant cultural heart in the city centre. The number of visitors to the outdoor program increased from 24,500 in 2018 to 34,073 in 2019, thanks in large part to the gift from the Grieg Foundation.
In 2019, we initiated an artist-in-residence program at the Bergen National Opera. The scholarship is an opportunity for a talented young opera singer to pursue his or her career by participating in various productions, and to work with top international soloists, directors and conductors. The scholarship is also a gift to the audience who get to know a young talent and rising star. The lyric coloratura soprano, Beate Mordal, is the first Grieg Foundation Artist-in-Residence at Bergen National Opera.
Photo: Bergen Sailcutter Club (BSSK)
photo: Festspillene berggen
Bergen International Festival
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Photo: doctors without borders
Number of projects: 16 Total funds: 8,43 MNOK
Health Good health is a privilege. Basic health care is a right. We support access to quality health care for the most vulnerable and innovative medical research.
Healthcare: Doctors Without Borders, lebanon fistula operations, ethiopia Active against cancer, Ethiopia FOKUS, colombia
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Research:
Church City Mission
Haukeland University Hospital/ University of Bergen:
Right to Sight
Breast cancer
Help Moldova
heart diseases
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Capacity-building in cancer treatment in Ethiopia
Sexual and reproductive health care in Latin America
Through the programme Aktiv mot Kreft, Grieg Foundation has funded the education of oncology specialists in Ethiopia. Since the start, 10 oncologists and 30 cancer nurses have graduated from the program. 6 doctors and 15 nurses are accepted into the program annually. Currently, there are 30 oncologists and 30 cancer nurses in the program. In 2020, 14 radiotherapists will be added to the program.
FOKUS (Forum for Women and Development) promotes women´s rights and women´s sexual and reproductive health rights in Latin America. We funded training of health care workers and Comprehensive Sexual Education
One in four people in Lebanon is a refugee without access to primary and secondary healthcare. We support Doctors Without Borders in their work to provide free healthcare services in two refugee camps in Beirut. Most people in these camps live below the poverty line with no drinking water and poor sanitation. In Burj Al Barajneh camp, we fund a family centre that provide mother and child healthcare, home-based care for patients with chronic diseases and care for survivors of sexual and gender-based violence. We also fund a birth centre and midwifery training at the Rafik Hariri University Hospital.
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Annual Report 2019
programmes for young girls. We also funded access to safe abortion in Colombia, and legal assistance and health care to 12 pregnant rape victims in Guatemala.
Photo: fokus
Healthcare to Syrian refugees in Lebanon
Photo: Partnership for Change
snapshots 2019:
Photo: aktiv mot kreft
Photo: doctors without borders
snapshots 2019:
Support to immigrant families in Bergen
«The funding and support from Grieg Foundation has made it possible for us to start building up cancer treatment from scratch in Ethiopia.» Helle Aanesen, Co-Founder, Aktiv mot Kreft
FØLEGESVENN is a programme run by the Church City Mission in Bergen that provides support to immigrant families who have children with disabilities or chronic diseases. Grieg Foundation has funded this project for three years. The families are teamed up with trained volunteers who help and support them with practical tasks on a regular basis. Last year, we also funded the first “Family, children, minority and disability” conference.
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Foto: Naturvernforbundet, Hordaland
Number of projects: 5 Total funds: 1,95 MNOK
Climate Action Climate change is a global challenge that requires climate actions from everyone everywhere. We have prioritized local projects that motivate and mobilize from attitude to action.
Local projects: Matsentralen Bergen Naturvernforbundet, Hordaland Havkollektivet BĂŚrekraftig liv, samarbeid med grunnskolen Bergen Skogplantingselskap, Oppstemten
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snapshots 2019:
snapshots 2019:
Plastic waste
Matsentralen redistributes surplus food to more than 50 organizations who help disadvantaged people. Grieg Foundation has been an active partner from the start. This year we funded a school programme for all 11- and 12-year old children in the community of Bergen. The school classes visited Matsentralen to learn about sustainability and the importance of reducing food waste.
Plastic waste is a huge and increasing problem that we have to solve. Plastic waste must be removed from nature, and the influx must be stopped and prevented. We supported the project “Plastic hunt, Hordaland” run by Naturvernforbundet, Friends of the Earth, Vestlandet.
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Photo: Agnes Tvinnereim
Food Waste
Photo: Agnes Tvinnereim
Photo: Matsentralen, Bergen
Photo: brien yurasits/unsplash
«We must try to make our great-grandchildren’s generation part of a world where empathy, humanity, imagination and creativity are in the forefront.» Per Grieg Sr, the founder of Grieg Foundation
Climate innovation We need new and innovative green solutions to reduce our climate footprint. We have funded a school project run by Bærekraftig Liv in Bergen. 1597 students and teachers have participated in creative work shops on how various climate challenges can be solved. The goal of the project was to give young people increased understanding of the climate challenges and of the importance that they must play an active role in finding new innovative solutions.
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Photo: TechBridge
Number of projects: 5 Total funds: 1,9 MNOK
Foto: Matsentralen, Bergen
Social Impact Investment We have started an engagement in social impact investment. We finance initiatives and businesses that address social needs and have the potential for social and financial impact and growth.
Social Impact Investment: DD Finance, Kenya Prospera TechBridge Invest Africa, Kenya WeCare Family Impact Hub Bergen
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Photo: TechBridge
Photo: TechBridge
snapshots 2019:
«We want to support business entrepreneurs who will transform their lives and communities.»
Business incubation Grieg Foundation supports TechBridge Invest in Kenya who educate and support young entrepreneurs in their efforts to turn challenges into business opportunities. Aspiring entrepreneurs with innovative technological solutions which can serve the population better, receive training, mentoring and seed funding. So far, more than 140 jobs have been established. Grieg Foundation is particularly proud of the fact that women develop tech skills and get tech jobs in a male dominated sector and society.
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Photo: TechBridge
Elna-kathrine grieg, chair
«I chose to become an engineer because I wanted to do something useful for my village. Through my job in SUNami Solar Kenya, I get to provide solar energy to those who need it the most.» Jamila
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Art – The Grieg Collection
«Art is something that breaks through your senses and penetrates your soul, giving you an extraordinary experience.»
Art inspires and transforms, provokes and enriches. It is a source of inspiration, creativity and contemplation that speaks to our hearts and souls. We have made art an integral part of our office environment. The Grieg Collection is made up of paintings owned by the Grieg Group companies, the Grieg family and the Grieg Foundation. In addition to our office buildings, the Grieg Collection can be visited in the art museum Oseana Art and Cultural Centre.
Per Grieg Sr
Frits Thaulow
Theodor Kittelsen Lauritz Haaland
Hanna Margrethe Grieg Stoltenberg
gro Thorsen
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per krohg
Lauritz Tuxen
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Report for 2019 from the Board of Trustees THE GRIEG FOUNDATION
The Grieg Foundation receives its revenues from its 25% ownership in the Grieg Group. Total income were NOK 40,631,204 m. The Foundation’s contributions mainly focus on support and education of children and young people both in Norway and world-wide. The Foundation also supports musical art, other cultural activities, medical research, environmental, and community projects. Everything we do is anchored in our commitment to the sustainable development goals. We follow our main projects closely.
Total Distributions years 2002-2019: NOK 636,758,000. Administration costs: 4,92 % of total income. The administration for the Foundation consists of two part-time positions.
been any absence due to illness or injuries. The conditions for continued operations are present. The Foundation is subject to and regulated by the Norwegian Foundation Act and is supervised by the Norwegian Foundation Authority.
We wish to sincerely thank all employees of the Grieg Group. It is their hard work over the years that enables the Foundation to continue to develop its charitable activities. Bergen, 29 April 2020
The Board of Trustees consists of five members and one deputy member. The Foundation does not conduct any business activities, and all its funds are used to the benefit of society in accordance with the Statutes of the Foundation. The activity of the Foundation does not affect the environment negatively. There has not
Covid-19 has hit the world abruptly and brutally with uncertainty and severe consequences for businesses, communities and individuals. Everything and everyone are affected, also our projects and our partners. We do not know how the crisis will unfold, but we do know that we will do what we can to support our projects through this crisis.
During 2019, the Foundation distributed NOK 44,214 mill. as follows:
MNOK %
For the support and education of children & youth
18,964
43
For the support of musical art
4,861
11
For the support of other cultural projects
5,100
12
For the support of medical research and projects
8,550
20
For the support of other projects for the benefit of the society
6,739
13
Total
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44,214 10
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Grieg Foundation, Period pr.31.12.2019 (expressed in NOK)
Income Statement
2019 2018
Note
BALANCE SHEET 2 019 2 018 NOTE Assets
Income:
Fixed Assets:
Dividends
Art Investments
30 000 000
97 500 000
3
22 541 060
21 505 810
1 355 598 500
1 355 598 500
48 554 819
43 631 790
Other income
4 511 116
Shareholding Grieg Maturitas II AS
Share premium etc.
4 605 247
Marked-based Finacial Investments
Interest income
1 514 842
992 917
Total income
40 631 205
98 492 917
Total Fixed Assets 1 426 694 379 1 420 736 100 1
Other operating expenses:
1 998 561
1 405 599
Losses shares/bonds
701 558
Total expenses Result
1 998 561
2 107 157
38 632 644
96 385 760
4
Current Assets: Receivables Cash and bank deposits Outstanding receivable Total Current Assets
100 917 045
112 462 502
5 120 100 922 165
112 462 502
Total assets 1 527 616 544 1 533 198 602
Allocations:
EQUITY
Distributions
44 214 500
46 044 000
Basic capital
Carrying forward from/to other equity
-5 581 856
50 341 760
Equity-capital
Totals
38 632 644
96 385 760
Total equity 1 527 538 024 1 533 119 879 2
2
1 243 980
1 243 980
1 526 294 044
1 531 875 899
CURRENT LIABILITIES Other short-term liabilities
48 343
48 343
Public debt
30 177
30 380
Total liabilities Total equity and liabilities
78 520 1 527 616 544
78 723 1 533 198 602
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Notes pr. 31.12.2019 Grieg Foundation
Notes
Note 1 / Shareholding Grieg Maturitas II as Cost 01.01.19 1 355 598 500 Access 0 Shares/Bonds 31.12.19 1 355 598 500 Other shareholdings Cost 01.01.19 43 631 790 reinvested return 317 781 added value 4 605 248 Market value 31.12.19 48 554 819 Art investment Cost 01.01.19 21 505 810 Access 1 035 250 Retirement Cost 31.12.19 22 541 060 Total fixed Assets 1 378 139 560 Note 2 Equity 01.01.19 1 533 119 879 Distribution 2019 (44 214 500) Result 2019 38 632 645 Equity 31.12.19 1 527 538 024 Distribution 2019 is NOK 44,214,500. Of this, NOK 1,200,000 are investments in Social Impact projects.
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photo: sos children’s villages
The financial statements have been prepared in accordance with the Norwegian Accounting Act and generally accepted accounting principles, adapted to charitable foundations. The company has not changed its accounting policy in 2019. Note 3 / Dividend: Grieg Maturitas II AS 30 000 000 Total dividends 30 000 000 Note 4 / Expenses: Payroll/Board member fees 631 178 Administrative costs 360 124 Other expenses 1 007 259 Total expenses 1 998 561 Note 5 / Employees: Two persons have worked part-time for the Grieg Foundation during 2019. No Board-members or staff are among the debitors of the Foundation. Note 6 / Fees for board and auditor. In total, NOK 140,000 have been paid in Board-member fees. Board-members from the Grieg family abstain from fees and other remuneration. Paid auditor’s fees are NOK 40,625. Note 7 / Taxes According to Norwegian Tax Act sec. 2-32, charitable organisations has no tax liability.
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Secretariat: Grieg-Gaarden, PO Box 234 Sentrum, NO-5804 Bergen, Norway Financial: Grieg Foundation, Industrivegen 49, 5210 Os, Norway • Enterprise: 984 589 468 Editor: Ingvild Hestad • Design: Kristin Skeie Antoine, KSA_design • Cover photo: SOS Children’s Villages
www.griegfoundation.no