Bitten & Mads Clausen’s Foundation
It was founded in 1971 by Bitten Clausen, Mads Clausen’s spouse, as part of a generational change at Danfoss with the intention of protecting the future of the company. The establishment of the Foundation involved Bitten Clausen transferring a 50% share of Danfoss to the Foundation and establishing a trust deed for its activities.
The Foundation’s primary goal is to guarantee competitive and financially sound development at Danfoss. This is managed through the shares the Foundation holds in Danfoss.
If the Foundation’s primary aim is achieved, it may choose to support Danfoss indirectly through initiatives within three award areas:
- Research and Education
- Local Neighborhoods and Communities
Since requests for funds cannot be made to the Foundation, it is the Foundation’s Board of Directors that selects the initiatives it wishes to support. More information can be found at the Foundation’s website, bmcfond.com.