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Novo Nordisk Foundation

Novo Nordisk Foundation
Founded1989; 36 years ago (1989) in Denmark
TypeFund
HeadquartersHellerup, Denmark
FieldsLife-sciences, natural sciences, social sciences
EndowmentDKK 1,114 billion (US$167 billion) in 2022[1]
Websitenovonordiskfonden.dk/en

The Novo Nordisk Foundation (NNF) is an international enterprise foundation focusing on medical treatment and research.

In 2023, the foundation had a net worth of DKK 1,114 billion (US$167 billion),[2][3] making it the wealthiest charitable foundation in the world. NNF owns Novo Holdings A/S, a holding company that is the majority voting shareholder of Novo Nordisk, a Danish pharmaceutical corporation.[4]

From 2016 to 2022, the foundation distributed more than US$4.5 billion in grants for research, innovation, treatment, education, humanitarian and social purposes.[5][6] In 2023, the Novo Nordisk Foundation awarded grants worth 9.1 billion DKK[7] (approx. $1.33 billion)[8] and paid out 5.8 billion DKK[9] (approx. $0.84 billion).

While the main focus lies within biomedicine and biotechnology research, NNF also awards grants for research in general practice and family medicine, nursing and art history.

  1. ^ "Novo Holding Annual Report 2023" (PDF). Novo Nordisk Foundation. 3 September 2018. Retrieved 2024-12-08.
  2. ^ Holdings, Novo. "Novo Holdings reports Total Income and Investment Returns of DKK 31 billion (€4.2 billion) for 2023. Total Assets grow by 38% to DKK 1,114 billion (€149 billion)". www.prnewswire.com. Retrieved 2024-09-24.
  3. ^ 2023 Annual Report - Novo Holdings: https://assets.novoholdings.dk/novo-holdings-2023-performance-report.pdf
  4. ^ "Form 6-K NOVO NORDISK A S For: Mar 31". StreetInsider.com. Retrieved 2020-06-14.
  5. ^ 2022 Annual Report - Novo Nordisk Foundation: https://novonordiskfonden.dk/app/uploads/Novo-Nordisk-Foundation-Annual-Report-2022.pdf
  6. ^ "Facts and figures". Novo Nordisk Fonden. Retrieved 2023-05-26.
  7. ^ Foundation, Novo Nordisk. "Novo Nordisk Foundation awarded more than DKK 9.1 billion for purposes benefitting society in 2023". www.prnewswire.com. Retrieved 2024-08-26.
  8. ^ Reuters.com: Novo Nordisk foundation to place more grants outside Denmark - https://www.reuters.com/business/healthcare-pharmaceuticals/novo-nordisk-foundation-place-more-grants-outside-denmark-2024-03-18/
  9. ^ "Annual report 2023". Novo Nordisk Fonden (in Danish). Retrieved 2024-08-26.
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