Word: scheubeck
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...celebrate the 100th anniversary of the Bavarian machinery company his grandfather set up in 1901, Richard Scheubeck and the firm's other family owners decided to create a charitable foundation. They put in €900,000, and Scheubeck encouraged the company's suppliers and business partners to make donations. With more than €1.1 million now in its coffers, the Scheubeck-Jansen Foundation has enough to fund its initial project: the first professorship in sensor technology at nearby Regensburg University of Applied Sciences. "We wanted to do something for the region, to set a cornerstone for a new industry cluster...
...celebrate the 100th anniversary of the Bavarian machinery company his grandfather set up in 1901, Richard Scheubeck and the firm's other family owners decided to create a charitable foundation. They put in $1.1 million, and Scheubeck encouraged the company's suppliers and business partners to make donations. With more than $1.4 million now in its coffers, the Scheubeck-Jansen Foundation has enough to fund its initial project: the first professorship in sensor technology at nearby Regensburg University of Applied Sciences. "We wanted to do something for the region, to set a cornerstone for a new industry cluster," says Scheubeck...
...philanthropy helps fill growing funding gaps across Europe. Budget deficits have been on the rise since the 1990s owing to economic downturns and rising health and retirement costs. As a result, France, Spain, Belgium, Britain and Germany have introduced new laws--including bigger tax breaks--that encourage philanthropy. Scheubeck, for one, says the tax changes made the idea of creating his foundation "more interesting...
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