The Schering Stiftung wants to be active in the arts and the sciences in a transparent manner. Against this background, the Foundation Council of the Schering Stiftung, in its spring 2017 meeting, decided to join the Initiative for a Transparent Civil Society of Transparency International Deutschland. We are committed to providing to the public and keeping up to date the following information:
The Schering Stiftung advances science and art (nonprofit purpose as defined by Section 52(2), sentence 1 nos. 1, 3, 4, 5, 7 and 8 of the German Fiscal Code) and has been granted tax exemption from corporate income and business tax from the tax authorities (Finanzamt Berlin Kö I, tax ID 27/641/05148, dated November 17, 2016) for the period from 2013 until 2015.
In its composition, the Foundation Council represents the purposes of the Foundation and currently consists of six high-level personalities from the arts and sciences. The Council decides on the allocation of the Foundation’s funds. Its members are appointed for a three-year term and may be reappointed. A member’s term ends once the member has completed his/her 75th year of age.
The composition of our Foundation Council: Members of the Foundation Council
The Board of Directors consists of up to two natural persons. The members of the Board of Directors are appointed, and recalled, by the Foundation Council. One member of the Board manages the day-to-day business of the Foundation. Board members are appointed for a three-year term and may be reappointed. A member’s term ends once the member has completed his/her 68th year of age. Currently one person is appointed to the Board of Directors, Bernhard Sommer. For further information, please see Managing Director.
Our Project Report 2017 (please see download area below) contains a brief overview of our programs and grant-making activities during the 2017 calendar year. More information on our programs and grant-making activities can also be found at Program.
The head office of the Schering Stiftung employs 5 salaried staff members (3.25 full-time equivalents). The Foundation also employs student assistants to work on individual projects.
Find your contact person under Contact Person.
The Foundation finances its programs through income from the Foundation’s endowment, donations, and other revenue. In keeping with Section 4(2) of the bylaws, the Foundation’s endowment is to be invested gainfully and must be preserved in the long term and undiminished. Over the course of the years, the Foundation has received an endowment of EUR 35 million from Schering AG.
The Foundation’s endowment that needs to be preserved amounts to EUR 35.130 million. As of December 31, 2017, the Foundation assets, including general reserves, amounted to EUR 38.026 million, nominally preserving the Foundation’s endowment. The book value of total assets was EUR 38.352 million at the end of 2017.
|Foundation assets on December 31, 2017||34,583,294.58|
|General reserves as defined by|
Section 62(1), no. 3 German Fiscal Code
In the 2017 fiscal year, income from asset management amounted to EUR 1.09 million. The Foundation made funding approvals in the amount of EUR 1.226 million, and financed grants in the amount of EUR 1.093 million.
|Foundation’s disposable assets 01.01.2017 (balances remaining from previous year)||671,176.39|
|Income from investments||1,082,327.17|
|Available funds (total)||1,761,555.36|
|Direct project expenses||– 1,093,366.59|
|Staff costs||– 210,211.34|
|Office and other administrative costs||– 132,035.02|
|Disposals (total)||– 1,435,612.95|
|Foundation’s disposable assets 31.01.2017 (balances remaining for next year)||325.942,41|
KPMG Deutsche Treuhandgesellschaft AG was appointed auditor for the fiscal year 2017. The auditor conducted the annual audit in accordance with Section 317(4a) of the German Commercial Code (HGB) and by taking into account the Guidelines for Proper Auditing (Grundsätze ordnungsgemäßer Abschlussprüfung) set by the Institute of Public Auditors in Germany (Institut für Wirtschaftsprüfer). The Stiftung was issued an unqualified opinion.
The Schering Stiftung does not have any institutional relationships.
The Schering Stiftung has assigned some of its administrative tasks (especially financial reporting, accounting, and consultancy on tax and foundation law matters) to the Deutsche Stiftungszentrum GmbH, Essen, within the framework of a service contract. The assets are managed by Bayer AG at no charge.
The Schering Stiftung is a member of the following associations/organizations:
The Foundation is almost exclusively financed by income from the Foundation’s assets. There are no donors who contribute more than 10% to its annual revenues.Share this post
The Initiative for a Transparent Civil Society (Initiative Transparente Zivilgesellschaft, ITZ) of Transparency International Deutschland e.V. aims to offer an extra level of information that is voluntarily provided by the organizations that have joined the ITZ and that exceeds the legal publishing requirements for nonprofit organizations in Germany. The ITZ provides a framework for basic transparency in nonprofit organizations.
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