The Alfried Krupp von Bohlen und Halbach Foundation (German: Alfried Krupp von Bohlen und Halbach-Stiftung) is a major German philanthropic foundation, created by and named in honour of Alfried Krupp von Bohlen und Halbach, a former owner and head of the Krupp company. The Krupp company once was the largest company in Europe, and one of largest wartime users of forced labor in Nazi Germany, including the Krupp munitions factory (Weichsel Union Metallwerke) in the Auschwitz death camp. In 1959, the company promised to pay individual compensations of DM5,000 ($1,190) to 2,000 slave workers (2% of all the estimated 100,000 slave workers), totalling DM10,000,000 ($2,380,000). Adjusted for inflation this corresponds to approximately €18.4 million or $20.5 million in 2018.