The Foundation of the Passauer Neuen Presse
The Foundation of the Passauer Neuen Presse (Stiftung der Passauer Neuen Presse) was established in 1967 by the founder and publisher of Passauer Neue Presse, Dr. Hans Kapfinger, as a public foundation with legal capacity under civil law. It is subject to the legal supervision of the Government of Lower Bavaria.
According to its statutes, the purpose of the Foundation is: to continue Passauer Neue Presse, to support its old, invalid (former) staff members, to assist young journalists, and to promote youth, sport, art, science, literature, journalism and traditional customs in the coverage area of Passauer Neue Presse.
The area in which the Foundation is permitted to act is restricted to that covered by Passauer Neue Presse.
Over the years, three main priorities have been formed. Firstly, welfare: every year, substantial amounts of money are disbursed to needy individuals who have encountered difficulties through no fault of their own and who need a bridging allowance until government funds are available to support them.
Secondly, funding is provided to promote cultural life and for science, mainly at Passau University. The third priority is training for journalists, and here specifically support for the Institute for the Training of Journalists and Communication Research at Passau University.
To the extent that the funding of the Foundation of the Passauer Neuen Presse is insufficient for the training of journalists, the additional money needed is provided by Passauer Neue Presse GmbH.