Grieg Foundation was established in its present form in 2002 and has in ten years awarded a total of NOK 350 million to various national and international projects. The Foundation is committed to considerable additional funds for accepted projects over the next years. Many of the projects Grieg Foundation supports are in the intersection between youth work and culture work, also being the main sponsor of SOS-Children's Villages. The Foundation owns 25% of the Grieg Group. The group operates globally within a variety of business areas; shipping, port operations, ship broking, maritime information systems, investment consulting, and fish farming.
Grieg Foundation wanted to be part of the endeavor to build sustainable production of water, energy, and food on a large scale. The Project has become a reality, and Grieg Foundation is one of the initiators and contributors.