Focuses on poverty alleviation and climate change solutions.
The IKEA Foundation is a strategic philanthropy established in 1982 by IKEA founder Ingvar Kamprad. It focuses on tackling poverty and climate change, which it sees as the biggest threats to children's futures in vulnerable communities. The Foundation works with over 140 partners to improve family incomes and protect the planet. Its key areas include renewable energy, regenerative agriculture, and green enterprise. It also supports global climate action programs in high-emitting regions like the EU, India, Brazil, and Indonesia. Since 2009, the IKEA Foundation has granted over €2 billion to partners. It currently provides around €200 million annually in grants. In 2021, the Foundation committed an additional €1 billion over five years to accelerate greenhouse gas emissions reduction. Recent initiatives include partnering with the Rockefeller Foundation and Bezos Earth Fund to launch the Global Energy Alliance for People and Planet. The Foundation has also supported organizations like UNHCR to help refugees become self-reliant, and We Mean Business Coalition to assist companies in cutting carbon emissions. While specific funding criteria are not publicly detailed, the Foundation works with established organizations on innovative, scalable solutions that align with its focus on poverty alleviation and climate action in vulnerable communities across Africa and Asia.