Iver C. Weilbachs Foundation
Iver C. Weilbach's Fond has direct ownership of the operating company Weilbach A/S and the investment firm Weilbach Invest ApS. Through Weilbach A/S a number of daughter companies are owned. Dividends from the companies are accessed by the fund and distributed according to the purpose of the fund.
The fund is independent. No person or corporation has any ownership of the fund, no one has special rights or influence over the fund. No one receives dividends from the fund.
The Board of Directors of the Foundation is appointed partly by the employees of Weilbach A/S and is partly self-supplemental.
The fund is thus completely independent of external owner and capital interests, all capital is reinvested in the fund's companies or distributed according to the purpose of the fund.
Purpose of the Fund
The grants cannot be searched.
- To promote interest in and desire in the shipping industry by providing financial support and encouragement, for example, in the form of prizes for institutions, associations or individuals who are in favour of such an interest or are training for a deed in the profession, in particular for the purpose of training for navigators.
- To provide financial support for cultural and scientific work that can also benefit the shipping industry and its practitioners.
- To provide financial support for humanitarian and charitable purposes, including support for former employees of Iver C. Weilbach & Co A/S and their widows and children in education and to Iver C. Weilbach & Co. A/S' Help Fund for workshop workers.
Good fund management
In connection with the work on good fund management, the Board of Directors of Iver C. Weilbachs Fonds has prepared a statement on good fund management in accordance with section 77a of the Danish Financial Statements Act. The statement shall be updated annually. The current statement is attached to the Fund's annual report for 2019-20 and can be viewed here.