On 20th June 2000 the Alfried Krupp von Bohlen und Halbach-Stiftung
, the State of Mecklenburg-Vorpommern
and the Ernst Moritz Arndt University of Greifswald
established the Stiftung Alfried Krupp Kolleg Greifswald
. This is a private-law foundation which in accordance with its statutes supports academic studies and research at the Ernst Moritz Arndt University of Greifswald by running the Alfried Krupp Wissenschaftskolleg [Alfried Krupp Institute for Advanced Study].
The foundation is independent and enables academic work of continuously high quality. This independence was the central aim of Professor Dr. h. c. mult. Berthold Beitz
, Chairman of the Board of Trustees of the Alfried Krupp von Bohlen und Halbach-Stiftung in initiating the Alfried Krupp Wissenschaftskolleg.
The Alfried Krupp von Bohlen und Halbach-Stiftung provided a large part of the endowment in the form of land, buildings and equipment for the Institute for Advanced Study. The cash assets for running costs are provided in equal parts by the State of Mecklenburg-Vorpommern and the Ernst Moritz Arndt University of Greifswald. These are supplemented by staff funds of the University guaranteed in the long term.
The organs of the foundation are the Board of Trustees, which determines and monitors the principles of the Foundation's work, the Executive Board, which manages the Foundation and represents it, and an academic Advisory Council, which advises the Foundation's Board of Trustees and the Executive Board.