# King Baudouin Foundation

King Baudouin Foundation is an Endowment / Foundation based in Brussels, Belgium.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Brussels, Belgium
- **Region:** Europe
- **Address:** Rue Brederode 21, 1000 Brussels, Belgium
- **Founded:** 1976
- **Assets under management:** Undisclosed
- **Website:** kbs-frb.be
- **LinkedIn:** https://be.linkedin.com/company/king-baudouin-foundation

## Regulatory record

- **Reports private funds:** No

## About

The King Baudouin Foundation was created in 1976 as an independent pluralistic body. It channels resources into projects that advance social justice, health, heritage conservation, and education. Queen Mathilde of Belgium serves as Honorary President. The foundation allocates across private equity, growth strategies, and fund-of-funds vehicles. Confirmed holdings include positions in Verdane Freya XII and Incofin India Progress Fund. It maintains exposure in Europe and India while accepting cryptocurrency donations for liquidation. Geographic coverage centers on Belgium with additional activity across the European Union and select emerging markets. The organization employs 125 professionals at its Brussels headquarters. It oversees affiliated vehicles including Myriad USA, Myriad Canada, Prince Albert Fund, and SofinaBoël Fund for Education and Talent. January 2025: Sponsored the BRAFA Art Fair in Brussels. The foundation maintains a distinct governance structure through its Board of Governors and separate philanthropic arms. This architecture separates grant-making decisions from investment execution while preserving ties to Belgian public institutions.

## Sectors

- Philanthropy
- Heritage
- Education
- Impact Investing

## People

- Thomas Leysen — Chairman of the Board of Governors
- Brieuc Van Damme — Managing Director
- Queen Mathilde of Belgium — Honorary President
- Jeroen De Keer — Head of Finance & Investments

## Questions

### Who runs investment decisions at King Baudouin Foundation?

Jeroen De Keer serves as Head of Finance & Investments. Brieuc Van Damme holds the Managing Director role. Thomas Leysen chairs the Board of Governors.

### Does King Baudouin Foundation participate in fund commitments or only direct deals?

The foundation acts as a limited partner in multiple funds. Holdings include Verdane Freya XII and Incofin India Progress Fund. It also maintains direct ownership of heritage assets.

### What investment stages does King Baudouin Foundation typically target?

The foundation targets buyout, growth, and fund-of-funds strategies. Investment horizons range from seven to ten years. It maintains exposure across liquid and private-market pools.

### How is King Baudouin Foundation related to Myriad USA and Myriad Canada?

Myriad USA and Myriad Canada function as affiliated cross-border giving vehicles. They were formerly known as KBFUS and KBF Canada. The entities facilitate international philanthropic transfers.

### What is King Baudouin Foundation's known posture on co-investments alongside external GPs?

The foundation holds limited-partner positions in external funds. It does not disclose active co-investment programs with third-party managers.

## Related profiles

- [International Pension Fund](https://altss.com/profile/international-pension-fund)
- [Ironmongers Pension Fund](https://altss.com/profile/ironmongers-pension-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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