Investments in the Sumitomo Foundation
The Sumitomo Foundation was founded in 1991 in commemoration of the 300th anniversary of the opening of the Besshi Copper Mine. The aim behind its establishment, which was enabled by financial donations totaling ¥20 billion provided by 20 Sumitomo Group companies, is to contribute to the betterment of human society.
The Foundation’s operations consist of awarding grants to fund projects in areas including: basic science research; environmental research; protection, preservation and restoration of cultural properties in Japan and overseas; and research and projects in international exchange. In total, roughly ¥350 million is awarded in grants each year.
Link to Sumitomo Foundation.