| Assets | Foundation Assets |
 The
Foundation is economically independent and thus able to make autonomous
decisions. Besides financing active business and operations, Foundation
assets are mainly used to pursue two aims: On the one hand, continuous
promotion of projects relevant to the Foundation has to be guaranteed,
on the other hand Foundation assets must be maintained at their actual
value.As the existence of the Foundation aims at perpetuity, it is a matter of principle that the promotion of projects does not access the Foundation basic capital. Only regular income from investments will be used for the financial support of projects. Foundation assets have to be protected against risks, such as self-depreciation owing to the influence of inflation. Therefore, within the scope of the legal guidelines, reserves are accumulated from parts of the annual revenue. But that would not be sufficient. Necessary investments are based on both bonds and so-called intrinsic values such as shares. Those additionally contribute to preserving the legal estate by their continuous enhancements. The broader the different risks and with them the chances are spread by choosing the investments, the more overall success is ensured. Thus, the Foundation exploits the effect of risk diversification. This portfolio strategy guarantees successful, both proceeds-oriented and risk-reducing investment, according to the constitutional request. From the outset, the Foundation has installed an investment advisory board consulting the Foundation in terms of developing investment strategies and in terms of evaluating the results from investments. |
