Aurora Foundation

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The Aurora foundation was created by the philanthropist couple Ingibjörg Kristjánsdóttir and her husband Ólafur Ólafsson. It was formally established on 23rd of January in 2007.
The primary aim of the foundation is to enhance and strengthen cultural and humanitarian activities in Iceland and abroad. Emphasis is focused on supporting projects that can make a real difference, injecting hope and optimism into a community.
Since its foundation the Aurora Foundation has participated actively in providing support and development aid in close cooperation with governments, aid agencies and residents of communities in need. Aurora has also been a successful supporter of cultural activities in Iceland. Projects have been carefully selected and monitored as far as possible. The Foundation emphasises providing substantial support to each project, thereby strengthening the likelihood of a successful outcome. Aurora has as well initiated its own projects such as Aurora Design Fund and Kraumur Music Fund which have supported numerous designer and young mucicians in Icealnd.

The Aurora Foundation was initially capitalised with ISK one billion, which was provided by the founders. The foundation's annual contributions derive from interest of the funding each year.