World Economic Forum — Founded Date: 1971

NoteThe source directly confirms both key facts in the claim: (1) the founding date of 1971 is explicitly stated multiple times ('Formation 24 January 1971', 'It was founded on 24 January 1971 by German engineer Klaus Schwab', 'The WEF was founded in 1971 by Klaus Schwab'), and (2) the additional context about the original name and 1987 rename is confirmed ('First named the European Management Forum, it changed its name to the World Economic Forum in 1987'). All details match the claim exactly.