Our Legal Basis

Our Legal Basis
The World Diabetes Foundation is an independent and non-profit foundation governed by the Danish Foundation Act.
WDF BOD Dec 2017
The World Diabetes Foundation's Board of Directors in December, 2017. 
The Foundation is supervised by the Civil Affairs Agency, Denmark's authority for non-commercial foundations. 
 
Our funding
 
The intention to establish the World Diabetes Foundation was announced by Novo Nordisk A/S on World Diabetes Day 2001. WDF is supported by four endowments from the shareholders of Novo Nordisk A/S:
 
1. In March 2002, they approved a first deed of gift of maximum DKK 650 million for the period 2001 - 2010 (realised: DKK 531 million)  
2. In March 2008, they approved a second endowment of a maximum of DKK 575 million over another 10-year period (realised: DKK 480 million).
3. Extraordinary donation of DKK 25 million for the years 2011/12 in support of the UN High Level Meeting on the Prevention and Control of Non-communicable Diseases.
4. In March 2014, they approved a fourth endowment of a maximum DKK 654 million over a third 10-year period (on-going)
 
This brings the endowments up to DKK 1.69 billion in the period of 2001-2024 (approx. USD 277 million). (The actual sum may vary, depending on the operating results of Novo Nordisk A/S in the coming years.)
 
Photo: The World Diabetes Foundation's Board of Directors in December, 2017. 
 
(Updated Aug 2018)