VILLUM FONDEN and VELUX FONDEN each have their own board of directors and trust deed.

VILLUM FONDEN and VELUX FONDEN each have their own board of directors and trust deed. A joint secretariat is serving both foundations.

The daily activities of the two foundations are undertaken by a joint secretariat headed by the management of the two foundations and staffed by specialists within the individual funding areas and administrative personnel.

The secretariat has about 40 employees.