International foundation for medical treatment and research
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Novo Nordisk Foundation
Founded
1989; 35 years ago (1989) in Denmark
Type
Fund
Headquarters
Hellerup, Denmark
Fields
Life-sciences, natural sciences, social sciences
Endowment
$117 billion USD (805 billion DKK) in 2022[1]
Website
novonordiskfonden.dk/en
The Novo Nordisk Foundation is an international enterprise foundation focusing on medical treatment and research.
In 2022, the foundation had a net worth of $107 billion (805 billion DKK),[2] making it the wealthiest charitable foundation in the world. Novo Nordisk Foundation owns Novo Holdings A/S, a holding company that is the majority voting shareholder of Novo Nordisk, a Danish pharmaceutical corporation.[3]
From 2016 to 2022, the foundation distributed more than US$4.5 billion in grants for research, innovation, treatment, education, humanitarian and social purposes.[4][5] In 2022, the foundation awarded grants worth $1.09 billion[4] (7.5 billion DKK) and paid out $0.79 billion (5.2 billion DKK).[4]
While the main focus lies within biomedicine and biotechnology research, the Foundation also awards grants for research in general practice and family medicine, nursing and art history.
^"For 2022, Novo Holdings reports a negative return on the Investment Portfolio of -6% and Total Income and Returns of DKK 3". Bloomberg. 12 April 2023. Retrieved 2023-05-26.
^"Form 6-K NOVO NORDISK A S For: Mar 31". StreetInsider.com. Retrieved 2020-06-14.
^ abc2022 Annual Report - Novo Nordisk Foundation: https://novonordiskfonden.dk/app/uploads/Novo-Nordisk-Foundation-Annual-Report-2022.pdf
^"Facts and figures". Novo Nordisk Fonden. Retrieved 2023-05-26.
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a renowned Danish scientist and co-founder of Nordisk Insulinlaboratorium (now part of NovoNordisk), the prize celebrates achievements in the understanding...
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Society of Biochemistry and Molecular Biology (1999) Jacobæus Prize, NovoNordiskFoundation (2001) Bristol-Myers Squibb Award for Distinguished Achievement...
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