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The establishment of the World Diabetes Foundation (WDF)was announced by its founding father Novo Nordisk A/S on World Diabetes Day 2002.
A donation programme by the founding company of a maximum of DKK 650 million over a period of ten years was approved by its General Assembly and shareholders in March 2002.
In March 2008, the shareholders of Novo Nordisk A/S approved of an additional endowment of a maximum of DKK 575 million over another ten year-period, bringing the two endowments from Novo Nordisk A/S up to a total maximum of DKK 1.225 billion in the period 2001 - 2017, i.e. equivalent to USD 255 million (exch. rate 4.8).
The Foundation is a independent and non-profit foundation governed by the Danish Act on Foundations. The Foundation is supervised by the Civil Affairs Agency, Danish authority for non-commercial foundations.
The World Diabetes Foundation is entitled by the Danish taxation authorities to receive donations from individuals and legal entities.
The Foundation is governed by a six-member board of directors under the chairmanship of Prof. Pierre Lèfebvre. Day-to-day operations are vested in the WDF Secretariat under the management of Dr. Anil Kapur, Managing Director.
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