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- What is the purpose of the Sandoz Family Foundation?
The purpose of the Sandoz Family Foundation set out in the foundation instrument is to support the descendants of Edouard Constant Sandoz (1853-1928) as beneficiaries under specific circumstances. In practical terms, members of the family can obtain money from the Foundation if they wish to make themselves independent at the beginning of their professional career and need start-up capital. They do this by submitting a business plan to the other members of the family and the latter give their consent, provided they are convinced of the viability of the plan.
In practice, the income of the Foundation has for years now exceeded the funds needed to fulfil the formal purpose of the Foundation many times over. For this reason the Sandoz Family Foundation today concentrates on entrepreneurial commitment through long-term holdings invested in companies active in the most diverse areas. The Foundation is either directly or indirectly involved in the pharmaceutical industry, agribusiness, the hotel trade, the watch industry, telecommunications and the media through a variety of organisations and holding companies. - What are the objectives of the Sandoz Family Foundation?
The aim of the Foundation is to encourage entrepreneurial commitment through long-term holdings in companies in a variety of sectors. Apart from commercial criteria, the Foundation aims to encourage entrepreneurship, innovation and quality and to further Swiss entrepreneurial tradition. The Foundation considers entrepreneurship as being, in particular, a concentration on innovative strength in technology, sustainable development, respect for the environment and the creation of new jobs. In recent years, the Family Foundation has stepped up its commitment to these objectives even further and has implemented its strategy with great determination. - Who is behind the Sandoz Family Foundation?
The Landolt-Sandoz family, which goes back to Edouard Constant Sandoz, the founder of Sandoz SA of Basel (now Novartis SA). - Who benefits from the Sandoz Family Foundation?
While adhering to exact regulations, family members can call on the Foundation's assets if they wish to make themselves independent and need appropriate start-up capital. The Foundation is not responsible for paying pensions or annuities to the beneficiaries. - What is a family foundation?
To set up a foundation, its assets have to be dedicated to a specific purpose (Art. 80 of the Swiss Civil Code, ZGB). Under Art. 335 ZGB, a family foundation can be established under the rules of the law concerning persons or the law of succession for assets to be associated with a family to defray the costs of education, to equip or support family members or to serve similar purposes. Within the framework of this article, the Sandoz Family Foundation is devoted to supporting descendants of Edouard Constant Sandoz (1853-1928) as beneficiaries under specific circumstances, more specifically in building up their own professional existence. - What is the investment strategy of the Sandoz Family Foundation?
The Foundation's investment strategy is based on three main pillars: the pharmaceutical and agro-industry and new technologies. The Foundation’s investment strategy is based on several pillars: the pharmaceutical and agro-industry, watchmaking, hotel business and new technologies. The philosophy underlying every investment is directed at technological innovation, sustainable development and the creation of jobs. In recent years the Sandoz Family Foundation has expanded its commitment in a targeted manner and has implemented its investment strategy consistently and constructively. Its support and encouragement of art, culture and science forms a counterbalance to its commercial commitment. - What does the Sandoz Family Foundation do with its income?
In line with its strategy, the Foundation reinvests the income from its various investments in an entrepreneurial manner that encourages the creation of new jobs. - Whom does the Sandoz Family Foundation go back to?
The Foundation was set up in 1964 by the painter and sculptor Edouard-Marcel Sandoz, the son of Edouard Constant Sandoz, the founder of Sandoz SA of Basel. - Where is the home of the Sandoz Family Foundation?
The Foundation has its legal domicile in Canton Glarus. The operative centre of the Sandoz Family Foundation is in Pully (Canton Vaud). - Who runs the Sandoz Family Foundation?
The operative leadership of the Foundation resides with the management and is presided over by Pierre Landolt as the representatives of the family. Other members of management are Maître Olivier Verrey and Gabriel Prêtre.
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