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The Knut and Alice Wallenberg Foundation
is a private foundation
A private foundation is a legal entity set up by an individual, a family or a group of individuals, for a purpose such as philanthropy. The Bill & Melinda Gates Foundation is the largest private foundation in the U.S. with over $38 billion in assets...
, founded in 1917 by a donation of SEK 20 million by the chairman of the Stockholms Enskilda Bank
Stockholms Enskilda Bank, sometimes called Enskilda banken or SEB, was a Swedish bank, founded in 1856 by André Oscar Wallenberg as Stockholm's first private bank...
, Knut Agathon Wallenberg
Knut Agathon Wallenberg, , was a Swedish banker and politician, he was also Knight of the Order of the Seraphim. He was son of the banker and politician André Oscar Wallenberg, and his wife Catharina Wilhelmina Andersson. In 1878, he married Alice Nickelsen...
and his wife Alice.
The foundation is the largest one of the Wallenberg foundations, and one of the largest Swedish funders of research.