The Foundation’s assets are estimated at $36 billion, and it is currently the largest charitable organization in the world. Its founder is Ingvar Kamprad, Swedish businessman and owner of IKEA, who owns 207 company branches around the world.

The Fund was established in 1982 primarily to support modern solutions and development of the architecture and interior design industry. The major part of the Foundation’s assets is spent not on charity but on investment projects. The amount of charitable assistance is about $10 million annually.