The Schroeder Foundation, a 102-year-old organization providing vital services to vulnerable residents of The Hague, has declared bankruptcy, resulting in the loss of essential support for over three hundred individuals. The foundation offered work opportunities, daytime activities, and personal guidance to former addicts, individuals performing community service, and those distanced from the labor market.

The bankruptcy stems from increased fixed costs, including wages, rent, and energy expenses, coupled with stagnant revenue. The organization also faced setbacks after missing a crucial tender, prompting the appointment of an interim director six months prior in an attempt to stabilize finances.

Despite hopes for a resolution, legal complications surrounding municipal subsidies ultimately led to the foundation’s demise. Administrator Martijn van Hoving stated that a viable plan for a streamlined operation was thwarted by these legal obstacles.

The municipality of The Hague acknowledged the loss of an “icon” with Schroeder’s bankruptcy and pledged to explore options for other organizations to continue similar activities. However, the council cited legal risks associated with converting subsidies as the reason for their inability to provide timely support.

Opposition party Hart voor Den Haag has called for an urgent debate, criticizing the municipality’s slow response and bureaucratic approach to the foundation’s financial difficulties. Council member Coen Bom expressed frustration with the lack of speed and flexibility from the municipality, which ultimately contributed to the irreversible closure.