Realdania

“Officers with business relationships jesper nygard (ceo), nina kovsted helk (director for philanthropy), pui ling lau (coo), peter johansen (cio thru february 2020), kenneth lillelund winther (cio beginning february 2020) and henrik stage (cfo) are all on the board of realdania's subsidiaries.”

“Any natural or legal persons who own real estate in denmark, excluding the faeroe islands and greenland, and municipalities which are members of the specialist election group for urban development, may become a member of realdania. Members may be independent legal persons in a group and branches of social housing organizations which own real estate. Legal persons shall be represented in the elected bodies of realdania by a member of the management or a representative authorized by the management for this purpose, while municipalities shall be represented by the mayor or a representative appointed by the mayor. Realdania may demand documentation that members meet the conditions for being members at any time. Membership shall cease without notice in the event that conditions for membership are no longer met. Resignation shall be in writing. Cessation of membership shall not imply a claim on any part of the asset of realdania. Members do not pay a subscription, and are not liable for the liabilities and obligations of realdania. As of december 31, 2020, realdania has 169,632 members; 163,754 personal members, and 5,878 legal persons.”

“The members of realdania can elect the 109 members of the board of representatives, which is the governing body of realdania. The elections take place in ten regional election groups that elect 60 members to the board of representatives, and six specialist election groups that elect 42 members to the board of representatives. In addition, the board of representatives elects seven representatives based on recommendations from specific professional and industrial bodies. The election period is four years, and candidates who are 70 years or turn 70 years in the year of election cannot stand for election. In october 2020, realdania's supervisory board adopted the postponement of the geographical election meetings from 2020 to the spring of 2021 due to the covid-19 pandemic.”

“Form 990 process of review the form 990 is prepared in close cooperation with realdania's danish tax advisers and us tax advisers. Board members are granted high level information about the form 990 in the auditor's long-form report.”

“The members of the supervisory board receive a fixed yearly fee of dkk 300,000. The vice chairman receives a yearly fee of dkk 525,000 and the chairman a fee of dkk 900,000. None of the members of the supervisory board receive a variable fee. The latest adjustment of fees took effect on january 1, 2011. Yearly expenses for fees to the supervisory board totaled dkk 4.1 million in 2020. The supervisory board determines the fee for the executive board which is made up of a fixed salary, pension and company car allowance. Information on individual fees and remuneration is stated in note 6 to the consolidated financial statements and at www.realdania.dk.”

“Availability of governing documents, policies, and financial statements realdania's governing documents and statutes can be obtained from the "erhvervsstyrelsen" (a danish public body for companies, etc.). Realdania's financial statements are available on realdania's homepage: http://www.realdania.dk/om-os/konomiske-ngletal.”

“Form 990, page 1, item e please note that the telephone number reported is a danish telephone number. Realdania's danish telephone number with appropriate country code is +45 70 11 66 66. Employees in the united states form 990, part i, line 5 and form 990, part v, line 2a realdania has no employees in the united states and does not file a form w-3.”

“Realdania strives to improve quality of life for all through the built environment. Realdania's philanthropic activities focus on the quality of life "in" the buildings, "between" the buildings and in urban and rural settings with the overall goal of benefitting the common good. Realdania seeks to generate long-term qualities through value-creating processes. Realdania's projects must create value, make a difference and benefit a wide range of users. The objective is to ensure that projects are socially and economically sustainable, as well as sustainable in terms of their environmental impact and use of resources. Realdania's two main goals are the following: -to support initiatives aimed at benefitting the common good in the built environment across denmark and, in certain special cases, abroad. -to make investments with the objective of maximizing realdania's return. Realdania's philanthropic strategy is focused on three main areas: the city, buildings and the built heritage. Guided by these goals, realdania addresses such issues as innovative new construction, applicable innovations, good restoration methods, quality architecture and craftsmanship, improved process management, visionary urban development, research, communication and many other topics. Realdania aims to generate development and change: -through partnerships and networks -based on dialogue and knowledge -through a proactive effort -based on openness and transparency as a result, realdania brings both professional and economic resources to the projects that it takes on, and assumes a shared responsibility for ensuring that realdania's support leads to good and lasting results. Realdania also places priority on promoting active interactions among enthusiasts, municipalities, institutions, business, and industry and trade organizations.”

“Foreign exchange adj. Per audited financial statements 187,600,000. Value adjustment of owner-occupied property 4,700,000. Prior year reveral of grant expense 53,400,000. Grant adjustments for inflation 100,000. Balance sheet foreign exchange differential 365,674,396.”