Social Commitment via Foundations
Vonovia uses foundations to show its social commitment by providing support to tenants, the rental environment, and in cases of social hardship.
The Vonovia Foundation is a charitable foundation under German civil law. The foundation is committed to social affairs, community life, helping others to help themselves and vocational training. Its mission is to provide help in cases of social hardship and to individuals who need assistance, and to promote intact neighborhoods and vocational training. The foundation thus contributes to shaping and ensuring social and neighborhood cohesion in Vonovia’s properties. It expressly supports active citizenship, personal responsibility and individual initiative within a residential context.
With its work, the GAGFAH Foundation “Mensch und Wohnen” (people and living) focuses on promoting a residential environment that brings young and old people together, and fosters a sense of community spirit between these groups in Vonovia’s housing developments. This foundation finances meeting places, playgrounds and other assistance and support services, with a focus on social activities. The GAGFAH Foundation only supports charitable work.