By renunciating the anniversary dividend, a starting capital of CHF 3.5 million was made possible. This capital was invested as planned until 2006. Due to a positive resonance the Executive Committee decided to support the Foundation with a substantial sum from the running costs yearly starting in 2006.
To date, GF has invested more than CHF 9 million in Clean Water projects and has, with over 120 projects in developing countries and disaster areas, helped over 250 000 people worldwide get access to clean drinking water and a better water supply over the long term. The foundation is a testament to the company culture at GF. Employees frequently get involved and help with projects.
The board of trustees consists of three members: President of the Board of Trustees, Yves Serra (CEO); Roland Abt (CFO) and Pietro Lori (Head of the Division GF Piping Systems). The Foundation’s Manager is Roland Gröbli, Corporate Secretary of GF.
GF does not charge the Foundation for administration or any other expenses. Each project is revised by the internal revision after completion of the project.