Where and how is my donation managed?
The funds or assets transferred to the foundation are securely managed and monitored by the Stifterverband für die Deutsche Wissenschaft (Donors’ Association for the Promotion of Sciences and Humanities in Germany). The German Foundation Centre (Deutsches Stiftungszentrum, DZS) takes care of the administration of the foundations.
For over 60 years, the German Foundation Centre has been providing advice to donors and foundations, assisting in foundation establishment, and managing charitable and philanthropic foundations, including the Kurt-Hahn Foundation.
The German Foundation Centre brings together 3,000 companies, business associations, foundations, and private individuals. Currently, the DZS manages over 660 legal and non-legal foundations with a total endowment of around three billion euros. The nonprofit foundations have approximately 120 million euros at their disposal each year for their charitable purposes.
The Stifterverband is responsible for investing the foundation’s assets and allocating funds according to the decisions of the board. Each year, the financial statements of the foundation are audited by a reputable auditing firm.