The Knut and Alice Wallenberg Foundation is a non-profit foundation based in Stockholm, Sweden. Established in 1917, the foundation supports long-term, free basic research beneficial to Sweden, mainly in medicine, technology, and the natural sciences. The foundation can also initiate grants to strategic projects and scholarship progra The assets of the foundation are managed by the board of directors.Knut and Alice Wallenberg Foundation's investment portfolio is valued at SEK 138 billion, with investments in private equity.