Tackles poverty and climate change through strategic philanthropy.
The IKEA Foundation is a strategic philanthropy that focuses on tackling two major challenges facing humanity: poverty and climate change. The foundation aims to create a better everyday life for the many people, particularly in vulnerable communities around the world. The foundation's focus areas include improving family incomes and protecting the planet through various transformations such as food system transformation, energy system transformation, waste transformation, refugee solutions transformation, climate conversations transformation, and road transport transformation. They work with over 140 partners across Africa, Asia, and other regions to achieve these goals. The IKEA Foundation has significant financial resources, having granted over €1.8 billion since its founding and pledging an additional €1 billion to reduce global emissions between 2021 and 2025. The foundation typically grants approximately €200 million each year. However, specific data on typical project financing and detailed criteria for receiving funding are not readily available. Recent projects and organisations that have been financed include partnerships with SunFunder for solar-powered cold rooms in Kenya, the University of Oxford’s Refugee Led Research Hub, the Danish Refugee Council for the Refugee Investment Facility, and the International Rescue Committee for the Re:Build programme.