Knut and Alice Wallenberg Foundation (KAW)
Founded: 1917
Purpose: The largest of the foundations, it focuses on funding basic research in natural sciences, technology, and medicine, as well as supporting major scientific infrastructure projects in Sweden.
Assets: As of 2023, its endowment was valued at approximately SEK 130 billion (around $12.5 billion USD), though this may have grown by 2025.
Grants: In 2023 alone, it awarded SEK 2.2 billion (about $212 million USD), with a historical total of SEK 38 billion ($3.7 billion USD) since inception, adjusted for inflation.
Ownership: Holds 19.5% of Investor AB’s capital and 43% of its voting rights, ensuring significant control over the family’s business empire.
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