The Foundation mainly funds research projects of high scientific potential and provides individual support to outstanding scientists.
From time to time, the Foundation also initiates strategic projects and scholarship programs.
Dr. Tech. Marcus Wallenberg established Marianne and Marcus Wallenberg Foundation in connection with his wife’s 70th birthday in 1963.
The initial endowment amounted to SEK 22.7 million. The Foundation has distributed almost SEK 3.2 billion in grants since its establishment, mainly to Swedish universities and other academic institutions.
Knut and Alice Wallenberg Foundation, Marianne and Marcus Wallenberg Foundation and Marcus and Amalia Wallenberg Foundation have awarded grants that make it possible to employ 32 Ukrainian researchers for one year at Swedish universities
The Wallenberg Foundations is the collective name for the non-profit public and private foundations established by individual members of the Wallenberg family or in honor of family members.
The Foundations granted a total of over SEK 1.8 billion in 2021. (The 2021 grants were affected by the ongoing pandemic and consequently reduced returns)
The largest of the Wallenberg Foundations is the Knut and Alice Wallenberg Foundation, founded in 1917, which promotes excellent researchers and research projects beneficial to Sweden within the natural sciences, technology and medicine.
The other two large foundations are Marianne and Marcus Wallenberg Foundation (social sciences), and Marcus and Amalia Wallenberg Foundation (scientific research mainly within the humanities and learning).
In addition, there are a number of other Wallenberg Foundations.