When Bitten Clausen founded Bitten & Mads Clausen’s Foundation on Christmas Eve 1971, she did so to cherish her husband's work of a lifetime. Mads Clausen had established the company in 1933 and since then it had greatly expanded.
Bitten felt an enormous responsibility. At the time, Danfoss employed around 10,000 people and was one of the largest industrial companies in Denmark. By placing the ownership of Danfoss within the Foundation, she created the best conditions for continuing its growth from its location on Als.
This year – half a century later – Bitten & Mads Clausen’s Foundation can celebrate its anniversary as one of Denmark's largest business foundations, with assets of over DKK 50 billion and an equity of DKK 25 billion.
(Link no longer active as of 29th of December 2021)
The gifts were announced during a public event at the harbor on the 29th of october at 1 p.m.
The first gift was an expansion of the sports center "Skansen"
The second gift was a new habor bath in Byens Havn, Sønderborg
Through 50 years has Bitten & Mads Clausen's Foundation has supported the area of south jutland with more than 2 billion DKr. for projects and initiatives that benefits Danfoss, as is testified in the found of the Foundation.
Follow the link below to read more about the exiting story in the anniversary writing of the Foundation (in danish):
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