Carlsberg Foundation (Danish: Carlsbergfondet) is a not-for-profit organization that was founded by J. C. Jacobsen in 1876, by allocating some of his shares in the Carlsberg Brewery to fund and operate the Carlsberg Laboratory and the Museum of National History at Frederiksborg Palace. The foundation has since expanded to fund scientific research, and via the Tuborg Foundation to fund social works. As of 2011^[update] it owned 30.3% of the shares in Carlsberg Group and controlled 74.2% of the voting power.^[1]

History

The foundation was started to run Carlsberg Laboratory. To finance its works the foundation received a portion of shares in Carlsberg Brewery. J.C. Jacobsen's wish was to create a foundation with firm obligations to the natural sciences and direct responsibility for the running of a corporate enterprise. In 1878 the foundation started to manage and fund the Museum of National History at Frederiksborg Palace. In 1882 after the death of J. C. Jacobsen the foundation inherited the remaining shares in the brewery. In 1902 Carl Jacobsen (J. C. Jacobsen's son) started the "New Carlsberg Foundation" to run his brewery, New Carlsberg. When the old and new Brewery merged, the obligations of New Carlsberg Foundation were added to those of the Carlsberg foundation, including the management and funding of Ny Carlsberg Glyptotek. In 1931 the foundation started a Scholarship programme named after J. C. Jacobsen. The foundation sponsored the Danish excavation of Tell Shemshara in Iraq in 1957.^[2] In 1991 the foundation took over the responsibilities of the "Tuborg Foundation", after Carlsberg acquired Tuborg brewery in 1970.

Relations to Carlsberg Brewery

In 1882 at the death of J. C. Jacobsen the foundation inherited the remaining shares in Carlsberg Brewery, the testament stated that the foundation shall always at least own 51% of the brewery. In May 2007 the Danish Foundation Oversight Authority approved that the interpretation of the rules to mean that the foundation should own at least 25% of the capital assets of the brewery and 51% of the voting shares. The shares in Carlsberg are divided into two classes, where the A-class has twenty votes per share and the B-class has two votes per share. As of May 2007 the foundation owns 51.3% of the capital and 81.9% voting capacity in Carlsberg.