Erdmann Foundation

The foundation aims to support individuals, institutions, or organizations that are engaged in charitable activities. In particular, projects that serve the public good in the fields of education and culture, or in an innovative way in the technological field as well as in the field of medical research, are to be supported. The purpose of the foundation is to be realized, in particular, through the direct financial support of individuals, institutions, and organizations in the sense of this purpose of the foundation. The board of the foundation is authorized to grant scholarships for scientific education and research activities, as well as to financially support technical and medical innovations and inventions. Furthermore, the foundation can initiate and carry out its own projects in the sense of this purpose of the foundation. As a rule, the financial support of individual persons, institutions, organizations, or projects shall be limited to a maximum of five years. The foundation is active internationally in accordance with its purpose. The foundation does not have a commercial purpose and does not seek profit. For the fulfillment of the purpose, the foundation can acquire or establish participations in companies both domestically and abroad. The foundation is authorized to conclude all legal transactions that serve the pursuit and realization of its purpose. No business is conducted in a commercial manner. For the realization of the purpose of the foundation, the board of the foundation is authorized to manage and invest the foundation's assets in any way, with the exception of taking on unsecured third-party capital.