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
Cooperatives of Norway late 1980s these were allowed to create stocks, or "grunnfondsbevis", to increase their capital. This has led to a lot of the banks being partially private and no longer cooperatives. Still, many of the smaller bank have remained as true cooperatives. Formally the banks are considered self-owning and not customer owned. Cooperatives of Norway Cooperatives of Norway have been created to represent the interest of either customers or suppliers. Areas with cooperatives include retailing, food manufacturing, banking and insurance. Most cooperatives are registered as BA entities. Coop NKL, part of Coop Norden, is the second largest retail group in Norway,