History and Statutes
Our foundation and background
The Foundation was established in 1954 by Grete Lundbeck, a visionary businesswoman and widow of the founder of H. Lundbeck A/S, Hans Lundbeck. Over the years, she donated the shares she had inherited from her husband to the Foundation and, when she died in 1965, the Foundation was sole heir to her assets.
The Lundbeck Foundation was formally established on 4 March 1954, when Grete Lundbeck, as the majority shareholder and chair of the Board of Trustees, signed the statutes.
The Lundbeck Foundation's statute was changed in 1991 in connection with the foundation being merged with the Grete and Hans Lundbeck's Scholarship.
On the occasion of the foundations 60 year annivesary, professor and historian, dr. Phil. Kurt Jacobsen wrote a book.
The Lundbeck Foundation – The first 60 years
Statutes
What are the statutes?
The statutes are the formal document describing the rules for a foundation’s financial and legal affairs. As such, this document contains details of the Foundation’s purpose, activities, management structure and grants. The statutes are the equivalent of an association’s articles of association.