ROSKILDE, Denmark (VIP NEWS) — Roskilde Festival 2011 resulted in the second-best economic performance in the festival's history. All profits will now be donated to charity.
Roskilde Festival is expected to be extremely busy this spring.
Before getting to this summer's festival, all profits from the last festival are to be donated to charity. And the money bag weighs a lot this time – so expect quite a number of donations coming in the near future.
A total profit of 2.64 million euro is the result from the sold-out festival in 2011.
This very satisfactory result comes after a sold-out and successful festival with over 120,000 participants. The festival did, however, experience increased costs for clean-up and restoration of the festival area after heavy rain on Saturday evening during the festival.
Roskilde Festival Charity Society organises the annual Roskilde Festival with the aim of supporting humanitarian and cultural initiatives. Because of the VAT exemption, Roskilde Festival cannot spend the profit on coming festivals or make other investments.
Through the years Roskilde Festival Charity Society has donated over 23 million euro million to charity.