The Fritz Thyssen Foundation (German: Fritz Thyssen Stiftung) is a private nonprofit foundation in Germany, created on 7 July 1959 by Amélie Thyssen and Anita Gräfin Zichy-Thyssen and named in memory of prominent iron and steel manufacturer August Thyssen and his son Fritz, who became a major financial backer of the ascendant Nazi Party in the early 1930s. The Thyssen family generated significant wealth in the late 19th century as producers of coal, iron and steel. August Thyssen founded Thyssen & Co. KG in Mülheim in 1871 and, over the following decades, established iron- and steelmaking plants throughout the Ruhr region of Germany. Following August's death in 1926, Fritz Thyssen assumed control of the iron and steel empire. In 1932, Thyssen signed a petition urging German President Paul von Hindenburg to appoint Adolf Hitler to the German chancellorship. The following year, he orchestrated a meeting between Hitler and influential German industrialists, which significantly increased support for the Third Reich among leaders of major companies. Thyssen officially joined the Nazi Party in 1933. Following World War II, a German denazification court found him guilty of being a "minor Nazi offender" and ordered him to surrender a portion of his property to a compensation program for victims of Nazi persecution. More information...
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