As non-profit foundations, we aim to live up to external and internal requirements when it comes to the transparency and openness of our organisation and our activities. In order to do so, the foundations strive to live up to the guidelines for good foundation management that apply to commercial foundations etc.

Foundation Governance

VILLUM FONDEN and VELUX FONDEN attaches importance to transparency and have therefore voluntarily chosen to account for the foundations activities and to decide on how to comply with the Recommendations on Foundation Governance.

The documents regarding guidelines for good foundation management below have been updated in March 2017 for VILLUM FONDEN and in June 2016 for VELUX FONDEN.

VILLUM FONDEN - Recommendations on foundation governance

VELUX FONDEN - Recommendations on foundation governance


Conflict of interests

THE VELUX FOUNDATIONS aim to ensure that rules and principles of legal capacity are adhered to and at the same time the foundations want that Danish researchers are able to participate actively on the boards of trustees and in the working groups of the foundations.

This memorandum describes the policy for legal capacity and conflict of interests in connection with handling applications and granted projects in the foundations.

Memorandum: Principles of legal capacity

European Foundation Centres

THE VELUX FOUNDATIONS follow the Principles for Good Practice established by the European Foundation Centres.

EFC Principles for Good Practice

Research integrity

Many of the foundation’s grants support research and we have chosen to follow the principles laid out in the Danish Code of Conduct for Research Integrity.

Danish Code of Conduct for Research Integrity


Open Access

The foundations follow open-access policy for research councils and foundations.

Open Access policy