At the 50th anniversary celebrations of Fried. Krupp on April 1, 1967, Alfried Krupp von Bohlen und Halbach announced his intention to set up a foundation.
enlarge
After the death of the proprietor Alfried Krupp von Bohlen und Halbach in 1967 his assets are contributed to the Alfried Krupp von Bohlen und Halbach Foundation established by him, made possible by his son Arndt von Bohlen und Halbach's renunciation of his inheritance. The purpose of the Foundation is to preserve the unity of the company and to serve philanthropic purposes. The Foundation is the sole shareholder. Berthold Beitz is appointed Chairman of the Board of Trustees of the Foundation. The Allied divestment order ("Mehlem Treaty" 1953) on the coal and steel holdings is lifted.
