In funds provided
The ASML Foundation is a Dutch charity organization focusing primarily on facilitating impactful, inclusive education and training programs for disadvantaged youth.
The ASML Foundation aims to improve lives through inclusive and quality education and training.
Funds for education projects are mainly awarded to programs that promote diversity and technology. The ASML Foundation believes that young people deserve every opportunity to receive a quality education and become self-sufficient thanks to the skills that they have developed. Our goal is to help these groups improve their chances of a better life.
Diversity is a reflection of the multinational workforce of ASML. Diversity in terms of our project selection does not only indicate the inclusion of women but the disadvantages our target groups may face: little access to education, special education needs, or a lack of vocational training.
A focus on technology is a reflection of the innovative, high-tech business of ASML.
The ASML Foundation supports education projects around the world, focusing on those located in countries in which ASML operates: the Netherlands, Belgium, France, Germany, Ireland, Israel, Italy, the United Kingdom, China, Taiwan, Japan, Korea, Malaysia, Singapore and the United States. We also fund projects in other countries, provided that ASML employees are actively involved in the project or have submitted it personally.
Projects for which we award funds increase the self-reliance of the underprivileged groups in these areas by developing their talents, providing more targeted education programs, or improving the overall quality of education. These projects should lead to a measurable improvement in opportunities for the participants and their communities.
In 2018, we sponsored 24 projects in 17 countries, some directly and some as a co-sponsor. In addition to our financial assistance, ASML employees support our projects by volunteering their time and skills. Since 2002, the ASML Foundation has provided approximately EUR 10 million to more than 360 projects in more than 50 countries.
The ASML Foundation began as an entity that administered an incentive share program for ASML's management. In the late 1990s, the entity had a surplus of ASML shares that had to remain in the foundation due to stipulations in its bylaws. ASML decided to change the entity’s purpose and transform it into a foundation that could financially support projects and charities.
The ASML Foundation was established as an independent charity (stichting) under Dutch law in December 2001. As of 2007, the Foundation does not maintain ownership of any ASML shares to avoid a conflict of interest.
A distinct, separately managed entity, the ASML Foundation is supported by ASML through an annual contribution of €600,000 and the generous use of the company’s facilities.
The ASML Foundation has a two-tier board structure: the Board of Management and the Supervisory Board. Neither receive salaries from the ASML Foundation for their positions.
The Board of Management oversees the ASML Foundation, defining and maintaining its mission. The Board, which comprises three members, meets regularly to discuss grant applications for funding.
The Supervisory Board supervises and advises the Board of Management in the execution of its tasks, approves the Annual Plan, including the mission and strategy, and sets the annual accounts. It is also composed of three members.