The Hertie Foundation carries on the life’s work of Georg Karg, owner of the Hertie department stores. Founded in 1974, it is one of today’s largest foundations in Germany. In 1998, the Foundation sold its shares in the company, and has been independent since. The annual funding of 20 to 25 million € is put into public welfare.
The Hertie Foundation sees itself as a reform body sounding out new solutions and helping towards their practical implementation. It focuses its work on the fields of education, neurosciences and social innovations.
In 2003, the Hertie Foundation founded the Hertie School of Governance to institutionalise research and teaching on new forms of statehood and governance.
Visit the Hertie Foundation's website for more information.