What is "realdania"

Realdania is a private association in Denmark which supports philanthropic projects in the realms of architecture and planning. Realdania is often erroneously called a private charitable foundation, but Realdania's legal structure is that of an association operating as a business and not a foundation. Only owners of real estate in Denmark can become members of Realdania and participate in electing members of the board. Realdania has several subsidiaries.