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
Western Norway winter, and the rainfall is frequent and heavy. Thanks to the warming Gulf Stream, the Norwegian fjords enjoy a relatively mild climate and remain virtually ice-free even during the winter. During springtime the most amazing colours burst forth to honour the warmth of the rising sun. Orchards of flowering fruit trees along the Hardangerfjord in May are images of paradise. Western Norway is a very rich region. The region generates around 70% of the total Gross National Product of Norway—Europe's richest country. Today is Stavanger the capital of oil in Norway. Before petroleum, fishing and agriculture were the most important