The WIFU-Foundation was founded in 2009. Its purpose is the promotion of science, research and teaching in the field of family business. The focus of its activities is fundraising for the Witten Institute for Family Business at the Faculty of Business Administration and Economics at Witten/Herdecke University. The WIFU is therefore 100% funded by the WIFU-Foundation.
The foundation generates its funds from the “Sponsors Circle”, an initiative of more than 70 German family businesses and business families. Institute sponsors represent all sectors of industry, ranging from small and medium-sized family enterprises to large-scale publicly listed corporations and from companies managed by the founder to family shareholders in the 16th generation.
Prof. Dr. Tom A. Rüsen serves as the Managing Director. The supervisory board consists of Prof. Dr. Frank Stangenberg-Haverkamp (Chairman), Gabriela Grillo, Prof. Rainer Kirchdörfer and Wilfried Neuhaus-Galladé.
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