PwC Foundation Luxembourg Launches Under Aegis of Fondation de Luxembourg

On Monday 6 May 2024, PwC Luxembourg announced the launch of the PwC Foundation Luxembourg, under the aegis of Fondation de Luxembourg.

According to PwC, the PwC Foundation Luxembourg will be an "independent" and "dedicated" vehicle for the firm's not-for-profit contributions with a thematic focus on education and cultural projects primarily in the Grand Duchy and the Greater Region, as well as humanitarian help on a global level. The firm expects that working with the support and guidance of the Foundation de Luxembourg will help it increase impact and ensure continued engagement over time with projects that align with the established objectives.

The creation of the PwC Foundation Luxembourg as an independent entity, under the aegis of Fondation de Luxembourg, is a "significant milestone" in PwC Luxembourg's journey to sustainably support society. 

According to its thematic focus, the PwC Foundation Luxembourg will support projects enabling access to education as well as cultural initiatives. Projects will be based or focused on Luxembourg as well as in the countries of the Greater Region (France, Germany and Belgium). The foundation may also provide emergency support in response to humanitarian and environmental crises worldwide.

As reported by PwC Luxembourg, its employees play an active part in the foundation by participating in the two dedicated committees for educational and cultural projects. Within these technical committees, employees help to identify and pre-select charitable projects, in line with the PwC Foundation Luxembourg's objectives, which are then recommended to the management committee, the PwC Foundation Luxembourg's decision-making body.

The PwC Foundation Luxembourg management committee has five members, including three representatives from PwC Luxembourg: Rima Adas, Olivier Carré and Chantal Braquet, as well as Tonika Hirdman, Director General of the Fondation de Luxembourg, and Stéphanie Damgé, chairwoman and independent member, Director of Entrepreneurship at the Luxembourg Chamber of Commerce / House of Entrepreneurship.

The objective of the PwC Foundation Luxembourg, according to PwC, is to "grow from a philanthropic to a reforming foundation with a defined philosophy, focusing on themes rather than single projects, and engaging in long-term support".

François Mousel, Managing Partner at PwC Luxembourg, commented: "It is a pleasure to announce this collaboration with the Fondation de Luxembourg. We are entering into a partnership with an institution exposing long-standing credentials and professionalism. The PwC Foundation Luxembourg is about giving local communities access to education and culture. As such we see our engagement as a concrete application of our PwC values. PwC is a major corporate citizen of Luxembourg and the greater region. As such, we intend to engage and contribute to local communities in the same structured and professional manner as we do in professional services client work."

Olivier Carré, Deputy Managing Partner at PwC Luxembourg and PwC Foundation Board Member, added: "PwC has engaged in philanthropy and pro-bono work for many years. We encouraged many of our employees' spending their volunteer hours on local initiatives and communities. As a segregated and dedicated foundation we intend to bundle our donations and broaden our impact by embarking on a long-term journey with our people, the local communities and public authorities."

Tonika Hirdman, Director General of the Fondation de Luxembourg, stated: "We are delighted to accompany PwC Luxembourg in the launch of their new foundation and help translate their company's values into an effective philanthropic strategy. We look forward to working alongside PwC partners and employees to select and support impactful projects that all collaborators can be proud of."

Stéphanie Damgé, chairwoman and independent member, Director of Entrepreneurship at the Luxembourg Chamber of Commerce / House of Entrepreneurship, noted: "As Chairwoman and independent director of the PwC Foundation Luxembourg, I am honoured to guide the foundation through its philanthropic journey. My role ensures not only strategic oversight but also impartial governance, helping to steer our efforts towards creating sustainable impacts in education and culture. I am eagerly looking forward to working closely with the entire board as well as the Fondation de Luxembourg to enrich local communities."