Grundfos Foundation to Donate $29 Million, Help Fight COVID-19
March 20, 2020 | By HPAC Magazine
"Within research, we will support changed priorities that can help mitigate the consequences of the COVID-19 outbreak now and in future."
In celebration of Grundfos’ 75th anniversary, the Grundfos Foundation, owner of Danish-based water pump company Grundfos, has expanded its budget for donations from a planned US$18 million to US$29 million. The main donation areas remain water, research and inclusion, but the Foundation will move its attention to the fight against COVID-19 this year.
“In 2020, Grundfos turns 75. This is a good occasion for expanding the donation activities significantly, and we plan to commit US$29 million to donations this year,” said Kim Nøhr Skibsted, executive director, in a company release. “The funds will primarily support our existing donation areas where we support mission-driven research and learning, sustainable solutions, humanitarian aid through access to drinking water and inclusion of the socially vulnerable through public-private collaboration. There’s plenty of worthy causes to support, and our donations should help bring about new, groundbreaking solutions.”
“Within research, we will support changed priorities that can help mitigate the consequences of the COVID-19 outbreak now and in future. We will remain true to our partnerships, but we will adapt to the new reality in Denmark, and globally,” said Skibsted.