Robert Bosch Foundation
The Robert Bosch Stiftung (Robert Bosch Foundation) was established in Germany in 1964 to fulfill the philanthropic and social pursuits of Robert Bosch, founder of the automotive parts company Robert Bosch GmbH. Today, the foundation has an endowment of approximately $6.9 billion, of which 92 percent is stock in Robert Bosch GmbH. In 2005, the foundation distributed around $75 million in grants to promote education, international understanding, science and research, and health and humanitarian aid. The foundation also operates three health and research facilities in Germany.