"Assets come with the responsibility of using them wisely. We – the founders of HKW private foundation – regard it as our obligation to make a contribution to society by supporting art, science, research and innovation."

Headquartered in Vienna, HKW private foundation was established under Austrian law in 1994 for the purposes of asset bundling. Active asset management is undertaken by FRAPAG Beteiligungsholding AG, which is fully owned by HKW private foundation.