Addresses poverty and climate change through sustainable initiatives.
The IKEA Foundation is a strategic philanthropy established in 1982 by IKEA founder Ingvar Kamprad. Initially focused on design and architecture, the foundation expanded its mission in 2009 to tackle poverty and climate change, which it sees as the biggest threats to children's futures in vulnerable communities worldwide. The foundation concentrates on two main areas: helping families build sustainable livelihoods and fighting climate change. It supports regenerative agriculture, green enterprises, renewable energy, and climate action to reduce greenhouse gas emissions. The IKEA Foundation works with over 140 partners across Africa, Asia, and high-emitting regions like the EU, India, Brazil, and Indonesia. Funded solely by the INGKA Foundation, the IKEA Foundation has granted more than €2 billion since its inception. It currently provides approximately €200 million annually in grants. In 2021, the foundation pledged an additional €1 billion over five years to accelerate emissions reduction efforts. Recent projects include a €48 million grant to SELCO Foundation's 'Energy for Health' programme and €21 million to UNHCR's Green Financing Facility. The foundation does not accept unsolicited proposals and prefers to support established organizations. Its board of directors, which includes Kamprad family members, oversees grant approvals and ensures adherence to the foundation's charitable purpose.