Billions of people worldwide are living under the minimum subsistence level. They need support with such basic things as education, work, health or energy. Businesses must play their part too by living up to their social responsibilities and showing commitment to sustainable development
The LGT Venture Philanthropy Foundation (LGT VP) was founded in 2007 at the behest of H.S.H. Prince Max von und zu Liechtenstein. The aim of the foundation is to improve the quality of life of disadvantaged people and offer them some prospects for the future.
LGT VP provides worldwide support - in the form of investments and donations - to social organizations and businesses that offer an effective solution to a social or environmental problem. This financial assistance really helps the organizations, but just as important are the transfer of knowledge and access to networks.
Organizations admitted to the LGT Venture Philanthropy portfolio must undergo a detailed audit process and achieve jointly defined objectives. They need to have developed innovative and replicable models designed to make sustainable improvements to the quality of life of disadvantaged people. The use of proven investment, management and controlling processes is intended to ensure that the funds entrusted to the parties concerned are deployed in an objective-driven, efficient and transparent manner. This is the only way of achieving a sustainable positive impact for disadvantaged people.
H.S.H. Prince Max von und zu Liechtenstein, CEO LGT and member of the Foundation Board of LGT VP
"The whole of society is responsible for helping disadvantaged people and those with meager incomes and offering them a fair chance to enjoy a self-determined life."