Originally Posted by Susan D
I'm surprised that a charity paid and not the Government because it's government property.
As Nordic pointed out it's not the first time the Mærsk Foundation funded part of what is an ongoing restoration of Fredensborg to how it originally looked.
The Mærsk Foundation - and other foundations often help fund restorations or renovations of buildings and places that are of national, historical and cultural significance.
The various government agencies have a budget dedicated to maintenance, repair and minor restorations, so it happens very often that various foundations donate money for major projects.
It's tax deductible and creates goodwill for the companies and business owners - in this case the Mærsk family. And it earns brownie points for the company at the municipality, state or the DRF. Which is also good for business.
Also, in this case it cements the affiliation between the DRF and major Danish businesses. Because if you are a shady business-owner who offers to pay for a major renovation of say Kronborg Castle - you will be flatly refused. You have to have a good reputation in order to be accepted as a donor to a major project, which again means you get an official stamp of approval for being reliable and of good repute and you get favorable treatment in return. Say a government minister or the DRF help promote your business abroad.
It's very much a give and take system.
Surprisingly it works, because it's based on mutual trust, integrity and the fact the everybody of importance know everybody else of importance in the Danish business world.
And if you fall out of grace, you fall deep! As we have seen recently with a former close friend of PH, Kristian Kjær.