German Football Federation Budgets More Than $11M For Its Foundations
The German Football Federation (DFB) "has budgeted €9M ($11.6M) for its two foundations Egidius Braun and Sepp Herberger for '13," according to the SID. DFB's foundations "are involved in social and charity projects" in Germany and internationally. The budget of the Egidius Braun foundation "will be €7.5M ($9.7M) for '13, which also includes the revenue of more than €5M ($6.4M) generated by the charity int'l match." The budget of the Sepp Herberger foundation "will be €1.5M ($1.95M) for the upcoming year." DFB President Wolfgang Niersbach said, "The work of our foundations is near and dear to us. The goal of the foundation work is to create social impulses and solidarity help, when help is needed" (SID, 10/31).