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In 2023, a year fractured by geopolitical tensions and armed conflict on one hand, and by increasing inequalities on the other, philanthropic giving by the foundations under the aegis of Fondation de Luxembourg continued unwaveringly with nearly 10 million euros granted to projects in the general interest.
Support addressing poverty rose by 24% to represent over a quarter of all giving, with Luxembourg alone receiving 8%, a reminder that the risk of poverty is prevalent even locally. Examples included the socio-professional insertion of young people, health care for people living on the margins of society and psycho-educational therapies for women who have experienced trauma. As of 2023, 112 foundations had been created under the Fondation de Luxembourg’s aegis, active...
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