BackgroundFærchfonden was formed by Kirsten and Jørgen Færch in 1984. The start-up capital of DKK 750,000 came from the sale of some land near Holstebro in Denmark. The original object of the fund was the acquisition of shares in family companies.
Through the subsidiary FF Investering ApS Færchfonden owns 23.68% of the shares in the family company Færch Holding ApS, which in turn owns the shares in R. Færch Plast A/S. In 2014 R. Færch Plast A/S has been sold to EQT. The realization of the sale will result in a large gain for the Foundation.
In 1974, Jørgen and Stener Færch bought a large area of land situated on the road Rasmus Færchsvej in the eastern part of Holstebro. Færchfonden took over the role as building owner of Færch Plast untill The company later acquired the site and the buildings from the fund. Today Færchfonden owns 23.68% of the shares in Færch Holding ApS, which in turn owns the shares in R. Færch Plast A/S. Færchfonden also owns Kaas manor house, which has been in the family since 1954. The group uses the manor house for entertainment purposes, seminars and conferences. Færchfonden employs a manager, who is in charge of the farm. Its 440 hectares do, however, consist mainly of uncultivated heath, forest, lake and meadow areas. In recent years, Færchfonden’s considerable capital, which derives from the equity in Færch Holding A/S and thus the sale of the tobacco shares, has primarily been used for investments in industrial enterprises and cultural activities.
MissionThe Færch Foundation supports the Færch Family’s enterprise, entrepreneurship, business ability and international education and cares about the family involvement. The main objects are: Object A: To secure and maintain all present or future enterprises operated by the descendants of Rasmus and Magdalena Færch or any kind of enterprises related thereto, and directly or indirectly to preserve the strength and continuity of these enterprises and of such enterprises as are or may become related thereto in Denmark as well as abroad. The trust shall be entitled to set up new enterprises if the board of the trust considers it expedient in order to achieve the trust objects. The trust shall further be entitled to sell or close down similar enterprises, if considered necessary. Object B: To support primarily descendants of the settlers, but also descendants of Ernst and Lise Færch as well as of Erik and Gerda Færch provided the purpose of such support is the education of youngsters and supplementary education of seniors. No support may, however, be granted to the settlers themselves or any persons or companies contributing to the trust funds or the cohabitees or surviving spouses of such contributors. Object C: To support initiatives, entrepreneurial activities and ingenuity primarily of a business nature and to support scientific, cultural, social and leisure activities. Object D: ”To support charitable or other benevolent activities.”
Geographic focusWest Jutland, Denmark
Programme areasFærchfonden supports a wide range of business and cultural projects and initiatives in northwestern Jutland. We support individuals as well as organisations and institutions.
The grants vary in size and may be given to projects as diverse as:
• A cultural festival
• Documentation of local history
• Classical music events
• Museum exhibitions
• New constructions and improvements to cultural institutions
In addition, Færchfonden supports non-profit humanitarian organisations such as the Danish Cancer Society and organisations which, for example, provide aid in areas affected by natural disasters.