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
European Capital of Culture An international panel of cultural experts is in charge of assessing the proposals of cities for the title according to criteria specified by the European Union. For two of the capitals each year, eligibility is open to cities in EU member states only. From 2021 and every three years thereafter, a third capital will been chosen from cities in countries that are candidates or potential candidates for membership, or in countries that are part of the European Economic Area (EEA)– an example of the latter being Stavanger in Norway, which was a European Capital of Culture in 2008. A 2004