Foundation landscape in Saxony continues to grow

Saxony was enriched by 18 new foundations last year. The commitment continues this year. On Thursday, a foundation set up by businessman Fritz Albert Straub received its certificate. It bears the name Areopagus - named after an ancient site in Athens - and primarily aims to promote art, culture and the preservation of cultural heritage. It is also committed to tolerance and international understanding. Another focus is on the promotion of democracy, education and training, it said.

Founder Straub wants to give something back to society

"I want to give something back to the community," said Straub, explaining his commitment as a founder. The entrepreneur comes from Saarbrücken and originally worked in the pharmaceutical industry. In 1992, he acquired the Deutsche Werkstätten Hellerau in Dresden. Founded in 1898, the joinery company built buildings such as the Semper Opera House, the Gewandhaus in Leipzig and government buildings in East Berlin. Today, Deutsche Werkstätten specializes in furnishing yachts in particular. In 2025, Straub handed over the majority of his shares to the French group Ateliers De France.

Patronage sends a strong signal in times of change

According to Regina Kraushaar, Saxony's Minister of State for Infrastructure and Regional Development, patronage of this kind is "a very strong signal to the people of the Free State, especially in times of change". Straub is a great person and a committed entrepreneur. "The fact that he has now - after the end of his active career - become a founder seems to me to be a logical step."

Head of the authorities recognizes the contribution of foundations to the common good

"Especially in economically challenging times, foundations make an indispensable contribution to the common good. With their long-term and independent work, they strengthen social cohesion and promote innovation in the social and cultural sector," emphasized Béla Bélafi, President of the State Directorate of Saxony (LDS). Foundations would replace government action where new impetus and sustainable solutions are needed.

The LDS is responsible for recognizing foundations. It also monitors whether a foundation acts in accordance with its purpose and whether its assets are preserved. A foundation uses capital for its work, for example from interest or dividends. Charitable foundations must serve the common good. The purpose of such foundations is usually to promote art, culture, education and upbringing. Many foundations also pursue multiple purposes.

Oldest foundation in Saxony dates back to 1543

There are currently 688 foundations in Saxony, with 18 new ones added last year. The oldest existing foundation dates back to the 16th century. The "Kurfürst Moritz fromme Stiftung zu Glashütte" was established in 1543. It promotes the education of children, especially those of kindergarten age.

LDS President Bélafi would like to see foundations become more prominent in the public consciousness - especially in times when state finances are becoming tighter. He therefore envisions a "Foundation Day" on which the commitment is presented. In most cases, foundations work in secret and some deliberately refrain from advertising themselves. Nevertheless, it is important to highlight their work for the common good.