Liechtenstein charities pay out 190 million Swiss francs

The majority of funds raised by charitable foundations in Liechtenstein went to foreign causes. This was revealed in a survey conducted by the Association of Liechtenstein Charitable Foundations and Trusts.

The Association of Liechtenstein Charitable Foundations and Trusts (VLGST) has for the third time already conducted a voluntary survey on the funding volume of charitable foundations and trusts. Accordingly, in 2018, the 340 foundations taking part in the survey paid out a total of 190 million Swiss francs overall to charitable projects and institutions. In an interview with the newspaper Liechtensteiner Vaterland, Thomas Zwiefelhofer commented that the survey clearly emphasized the key contributions made by charitable foundations to social solidarity.
According to Zwiefelhofer, who has succeeded founding president Hans Brunhart as the President of the VLGST, 22 percent of the total of 190 million Swiss francs went to projects in Liechtenstein and Switzerland, with a further 75 percent put towards international projects further afield. Funding areas range from education and development cooperations, research, healthcare, art and culture as well as social affairs, all the way through to environmental and climate protection.
From Hans Brunhart’s point of view, the survey results are informative. In the interview with Liechtensteiner Vaterland, Brunhart stated that the results of the survey reveal that charitable foundations support projects and institutions across all areas of life, and in so doing they have a huge social importance. This can be felt across the entire country. According to Brunhart, the large, internationally operating charitable foundations make a significant contribution to the global reputation of the country’s finance sector.

Share article

More news

QR-bill replaces payment slips

The QR-bill will be introduced to Switzerland and Liechtenstein on June 30th. It aims to make e-banking and mobile banking payments easier. The QR-bill will gradually replace the current payment slips.


Liechtenstein banks to pay for holiday activities

Together with the Office for Social Services, the LBA has organized a free program of holiday activities for children. This is aimed at easing the burden during the summer holidays on families that have faced serious challenges in connection with the coronavirus crisis.


Investor Summit Liechtenstein looking for champions

Start-ups and SMEs looking for capital can now apply for the Investor Summit Liechtenstein. Winners will have the opportunity to present their ideas in front of around 250 investors. Carsten Maschmeyer and Prinz Max von und zu Liechtenstein will appear as speakers.


LLB ensures the sustainability of its gold fund

Liechtensteinische Landesbank (LLB) is offering an investment opportunity in gold that complies with ESG criteria to sustainability-oriented investors for the first time. The fund is covered by physical gold sourced from sustainable production activities.