Over the past ten years the Foundations have awarded funding of just over SEK 17 billion.
[3][4] Active engagement in these companies forms the bulk of the Wallenberg family's activities with most assets held through foundations tightly controlled by the family who invest the assets in family-run operating companies.
[5] Dividends from the holdings are used to fund research and education grants in line with the Wallenberg's stated goal of working for the benefit of Sweden or "landsgagneliga".
[2][5][6] The foundations combined award funding of just over SEK 2.2 billion each year for Swedish research and education.
[9] The project involves hundreds of scientists including from Karolinska Institute, Stockholm University, Uppsala University and the Swedish Royal Institute of Technology forming the Science for Life Laboratory (SciLifeLab).