Foundations’ assets increased

Decrease in total taxesMoney

Non-financial foundations’ assets rose by over NOK 10 billion or 7 per cent to NOK 157 billion from 2014 to 2015.

The foundations financed 79 per cent of the assets in 2015 by equity.

Non-profit foundations made up 33 per cent of the foundations in 2015. The non-profit foundations had approximately NOK 36 billion in 2015, up 3 per cent from the previous year.

The operating expenses, which included disbursement of funds, amounted to about NOK 43 billion in 2015. This was almost 7 per cent more than in 2014.

The operating expenses for non-profit foundations constituted NOK 27 billion or 64 per cent of the foundations’ total operating expenses.

 

Source: NTB scanpix / Norway Today

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