Siemens Stiftung

ENCOURAGE. empowering people

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About the Siemens Stiftung

The Siemens Stiftung

 

The mission of the Siemens Stiftung

Encourage. Empowering People. The Siemens Stiftung wants to empower people to actively address today’s social challenges and is dedicated to the values of Werner von Siemens. Together with cooperation partners, the foundation designs and implements local and international projects with the aim to promote individual responsibility and self-initiative.

The Foundation is committed to enlarging basic services and social entrepreneurship, promoting education and strengthening of culture. The Siemens Stiftung pursues an integrative approach and stands for responsible, impact-oriented and innovative project work.

The foundation was established in 2008 and cooperates with the other five Siemens foundations established by the company in Argentina, Brazil, Colombia, France and the U.S. The project work of the foundation is concentrated on the focus regions Africa, Latin America and Germany/Europe


Funding

Siemens has vested the foundation with a capital of 390 million Euros, to be used solely and exclusively for non-profit purposes. "The foundation carries out its duties and responsibilities solely with the profits from the foundation endowment" (Foundation Charter, Para. 5 Foundation Endowment, Sub-para. 1).
The Siemens Stiftung reports transparently and publicly on the use of its funds and resources in accordance with the rules and regulations applicable to limited liability corporations of comparable size through publication of an annual report including a financial report following the close of the fiscal year and audit by the competent supervisory authority.

Data and facts

The Munich-based Siemens Stiftung, which commenced its operative work in early 2009, merged of all previous corporate citizenship activities of Siemens AG.

The transfer from the company’s corporate citizenship activities to the Siemens Stiftung happened gradually: with the start of the foundation’s operative work on January 1, 2009, the central activities in the fields of education and social affairs were transferred to the foundation. The social activities of the Erlangen and Munich SiemensForums and the promotion of arts and culture by the Siemens Arts Program were to follow on October 1, 2009.

The Siemens Stiftung is under governmental supervision by the Government of the Upper Bavaria administrative district and carries out its duties and responsibilities independently. The foundation’s pursuits are exclusively and directly non-profit as contemplated by the section "Tax-privileged purposes" of the Internal Revenue Code (Foundation Charter, Para. 2 Foundation Purpose, Sub-para. 3).