Family Trusts & Foundations
Dr. Mangold Family
Trusts & Foundations
The wealth of the Dr. Mangold family is owned by the family trusts & foundations. The beneficiaries of the trusts & foundations are only family members.
As Dr Mangold currently has no heirs, it is expected that maybe his art collectors will be future beneficiaries. This would be an unprecedented way of giving back. It could be a revolution in the field of art collecting. And it could result in a new and higher level of the return of investments for art collectors.
The aim of the Family Trusts & Foundations are to encourage entrepreneurial commitment through long-term holdings in companies in a variety of sectors. Apart from commercial criteria, the Foundations are dedicated to the encouragement of entrepreneurship and innovation as well as to the cultivation of World's entrepreneurial tradition. In addition, the investments are directed at a strategic objective concerned with preserving high quality and protecting fundamental social values.
The Foundations also encourage creativity and private initiative. Its commitment to art, culture and science, is the framework of the Foundations and to counterbalance the commercial activities of the Foundation.
The Foundations are either directly or indirectly involved in luxury industry and artbusiness, the real estate and the financial industry through a variety of organisations and holding companies. They invest venture capital in startups and crowdfundings. Here they are focused in artificial intelligence, internet business, health research and art investments (crowdartfunding). The philosophy underlying all its commitments focuses on innovative strength in technology, sustainable development and the creation of new jobs.