The Foundation mainly funds projects of high scientific potential and provides individual support to outstanding scientists.
The Foundation also initiates programs to support children’s activities.
In 1960, Jacob Wallenberg (1892-1980) established the Marcus and Amalia Wallenberg Foundation, named after his parents. The initial endowment was SEK 442,000.
The Foundation has distributed more than SEK 1.7 billion in grants since its establishment, mainly to Swedish universities, other academic institutions, schools and non-profit organizations.
Knut and Alice Wallenberg Foundation, Marianne and Marcus Wallenberg Foundation and Marcus and Amalia Wallenberg Foundation have awarded grants that make it possible to employ 32 Ukrainian researchers for one year at Swedish universities.
The Wallenberg Foundations is the collective name for the non-profit public and private foundations established by individual members of the Wallenberg family or in honor of Family members.
The Foundations granted a total of over SEK 1.8 billion in 2021. (The 2021 grants were affected by the ongoing pandemic and consequently reduced returns)
The largest of the Wallenberg Foundations is the Knut and Alice Wallenberg Foundation, founded in 1917, which promotes excellent researchers and research projects beneficial to Sweden within the natural sciences, technology and medicine.
The other two large foundations are Marianne and Marcus Wallenberg Foundation (scientific research mainly within the social sciences), and Marcus and Amalia Wallenberg Foundation (scientific research mainly within the humanities).
In addition, there are a number of other Wallenberg Foundations.