Tuesday, October 21, 2008

Stichting INGKA Foundation

The Dutch-registered Stichting INGKA Foundation is named after Kamprad, and owns INGKA Holding, the parent company for all IKEA stores. The charitable foundation was reported by the business newspaper The Economist in May 2006 to be technically the world's wealthiest charity - with an estimated value of at least US$36 billion in 2006 (larger than the Bill & Melinda Gates Foundation) - but its primary purpose is, by some, believed to be corporate tax-avoidance and anti-takeover protection for IKEA.[9] Kamprad is chairman of the foundation.

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