ZEIT-Stiftung
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| Founded | 1971 |
|---|---|
| Founder | Gerd Bucerius |
| Type | Charitable foundation |
| Focus | science, culture, education |
| Location |
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Area served
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worldwide |
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Key people
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Chairman of the Board Michael Göring Chairman of the Board of Trustees Manfred Lahnstein |
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Revenue
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22.3 million € (2015) |
| Endowment | 771 million € (2015) |
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Employees
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32 |
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Volunteers
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0 |
| Slogan | Promoting Scholarship - Enriching the Cultural Heritage - Promoting Understanding - Network Thinking |
| Website | www.zeit-stiftung.de |
Chairman of the Board Michael Göring
The charitable foundation Zeit-Stiftung Ebelin und Gerd Bucerius (house style: ZEIT-Stiftung) is registered in Hamburg. Its aim is to fund projects in research and scholarship, arts and culture, as well as education and training. It was founded in 1971 by Gerd Bucerius and carries the name of the founder, the title of the weekly newspaper Die Zeit, which he co-founded, and the nickname of his second wife, Gertrud Ebel, Ebelin.
The first scholarships in the 1970s were awarded to young journalists, to enable them to study at Harvard University in Cambridge/US as part of the ZEIT Fellowship programme. In the 1980s, Gerd Bucerius began to actively support stronger competitiveness in higher education in Germany, and gave substantial funds to the private University Witten/Herdecke. In order to promote Hamburg's literary scene, the foundation acquired a villa on the Outer Alster Lake. The Literaturhaus Hamburg opened in 1989, and since then the foundation has made the venue available rent free to the City of Hamburg and the organization Literaturhaus-Verein. In the 1990s, the foundation increased its investments in academia and set up the Gerd Bucerius-Juraprogramm a scholarship programme for young lawyers. Until the death of Gerd Bucerius, the foundation funded 90 individual projects with a total of 15 million euros. Upon the deaths of the founder in 1995 and of his wife in 1997, the couples' entire private assets were bequeathed to the foundation. Over the past ten years, the foundation has provided a total of 153 million euros in grants.
The statutory organs consist of a Board of Directors and a Board of Trustees. Following the death of the founder, Michael Göring was appointed Executive Director in 1997; he has been President of the Board since 2005. Michael Berndt has been Financial Director since 2010. Since 1995, Manfred Lahnstein has acted as Chairman of the Board of Trustees.
The mission statement of the foundation opens with the following words: 'Civil society is called upon to find solutions to the many challenges in the present and future. In the tradition of its founders, Ebelin and Gerd Bucerius, the Zeit-Stiftung is part of the liberal and cosmopolitan civil society it wishes to promote.'
The foundation focuses on funding projects that it has initiated, but also gives grants to outside applicants, preferably in Hamburg, and provided they fit the aims and criteria for funding. In 2015 the foundation was able to dispose of revenues of 22.3 million euros. As one of the largest privately funded foundations in Germany with assets of von 771 million euros (end of financial year 2015), the Zeit-Stiftung has been able to establish institutions of its own. A large part of the annual budget is allocated to the independent institutions Bucerius Law School and Bucerius Kunst Forum.
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