The Freudenberg Foundation was established in 1984 by members of the Freudenberg family who bequeathed to the foundation a part of their holdings in the Freudenberg Company, which is owned exclusively by family members. Since then the Freudenberg Foundation has been a non-voting partner of the company in the form of a non-profit limited company. According to the foundation’s statutes, the purpose of the foundation is to promote scientific research, education and peaceful coexistence in society. The Freudenberg Foundation grants funds of about Euro 2.5 million every year.