About the foundation

In 1986 Daimler-Benz AG, now Daimler Truck AG and Mercedes-Benz Group AG, established the “Gottlieb Daimler and Karl Benz Foundation” in commemoration of the company’s two founders. Renamed “Daimler and Benz Foundation” in 2010, it is an incorporated foundation in civil law and has foundation assets of around €126 million at its disposal. Annual subsidies of some €3.6 million annually are currently available. The Foundation is headquartered at Carl Benz House, the former residence of the Benz family in the town of Ladenburg in Baden.