Where does the money come from?
https://legacy.novonordiskfonden.dk/en/about-the-foundation/
What is the money used for?
Commercial activities
The commercial activities are carried out by the Foundation’s wholly owned subsidiary, Novo Holdings A/S.
Charter
The Novo Nordisk Foundation aims to ensure that the companies in the Novo Group (Novo A/S, Novo Nordisk A/S and Novozymes A/S) position themselves as internationally recognised and leading actors in improving how disease is combated and how natural resources are used.
Societal goals
With Denmark as its centre of gravity, the Foundation’s focus is to improve the lives of people through better health, education and the development of a knowledge-based sustainable society.
Governance
The Novo Nordisk Foundation is a Danish commercial foundation that operates independently of any other interests than those described in the Foundation’s objects.
The Foundation is governed by the Danish Foundation Act, and the Danish Business Authority therefore supervises the Foundation.
Cornerstones
The Novo Nordisk Foundation awards grants based on three established values or cornerstones: Commitment, Quality and Respect