The founder Roger Akelius has donated 90 per cent of Akelius Residential Property AB to Akelius Foundation. The foundation is registered in Bahamas and its purpose is charity. The foundation owns itself, it has no owners or members.
The foundation is governed by a Council, following a regulatory framework created by the founder. The money cannot for example go to religious or political purpose. It is the members of the Council who nominate or unseat other members. Two protectors monitor the Council as internal auditors and ensures that the Council follows its duty.
The largest beneficiary so far is SOS Children’s Villages with five hundred million SEK.
Akelius Foundation’s legal body, the Council, consists of five members. These members perform their duties with similar responsibility as the members of a board of directors of a Swedish limited company.
The following five members, the Council, govern the Akelius Foundation.
|Kerstin Engström||Judge of appeal, Chairman|
|Igor Rogulj||Owner of architectural and development company|
|Tove Andersson||Registered nurse, Bachelor of science in Nursing|
|Johan Warodell||Academic, former Board member Apartment Bostad|
|Fredrik Lindgren||Managing director of Akelius Spar, Senior Advisor|
|Rhonda Hull||Secretary, Head of L. C. HULL & CO, Counsel & Attorneys, Bahamas|
The Protectors consist of two members who are not Council members. The Protectors shall act as internal auditors for Akelius Foundation with the prime responsibility of ensuring that the Council members and the Foundation perform their and its mandate.
|Demetris Syllouris||Managing director Akelius Apartments Ltd|
|Anders Janson||Lawyer, former head of Foyen|
The purpose is charity and Akelius Foundation will donate to:
- homes for children in need. Presently the Foundation is financially responsible for four villages managed by SOS Children’s Villages.
- research and education regarding residential real estate
- any other humanitarian, philanthropic project if the Founder later declares it in a separate article.
No single person may accumulate donations that exceed two per cent of the Foundation´s net assets. The Foundation will not contribute to any religious or political campaign.