Hirschmann Foundation
Hirschmann Foundation
The Foundation
Carl W. Hirschmann Sr. established the Hirschmann Foundation in Zug in 1985. He had originally intended it to be a corporate foundation.
After his sudden death in April 1995, the family continued to run the Jet Aviation Group according to his philosophy and beliefs for the following ten years. In 2005, the family came to the conclusion that a sale was the best way to ensure the further dynamic development of the group and favoured Permira, a major private equity group. Carl W. Hirschmann Jr still maintained a shareholding.
Because the Hirschmann Foundation also held shares in Hirschmann Industrial Holding Ltd. and consequently in Jet Aviation, some of the profits were transferred to the Foundation. This made it possible for the foundation to pursue the objectives stipulated in its memorandum and articles of foundation to a greater extent.
The Hirschmann Foundation has existed in its current form since 2001. It is primarily engaged in the areas of research and education, development cooperation and social matters.
