Governance

The VILLUM FOUNDATION and the VELUX FOUNDATION are both non-profit foundations governed by Danish law and subject to the supervision of the Civil Affairs Agency under the Danish Ministry of Justice. The two Foundations each have their own independent boards.



The boards constitute the executive management of the Foundations with responsibility for devising strategies and guidelines for the Foundations’ funding activities, finances and organisation, including not least long-term undertakings and development. The boards also make the final decisions on all major applications for funding.