Foundations in Norway Foundations in Norway Foundations in Norway (Norwegian: Bokmål: "stiftelse"; Nynorsk: "stifting") are independent i.e. self-owning juridical entities disposing assets that have been given by will, gift or other juridical dispositions for one or more purposes. There are approximately 7,600 foundations in Norway. Based on a total capital of nearly 100 billion crowns, foundations possess and control assets of estimated 200–300 billions. They constitute a small but economically important contribution to Norway's social and cultural life and to sports, education, and science. Norwegian foundations partly employ and partly engage approximately 35,500 individuals. Most foundations are located in the capital Oslo (the
State budget of Norway State budget of Norway The State budget of Norway () is a budget passed by the Norwegian legislature, Stortinget, each year. It accumulates all income and expenses for the Government of Norway. The document defines the taxes to be collected, and what expenses will be accomplished. The budget follows a fiscal year of January 1 to December 31. The proposition for the budget is made by the Ministry of Finance in the first week of October. This proposition is named "Storting Proposition no. 1" or "Yellow Book" and is the governments suggestion for a budget. It is then considered by