the foundation cassa di risparmio di padova e rovigo abstract
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Who is and what does the Foundation Cassa di Risparmio di Padova e Rovigo do. The disbursements and their projects. Capital management. Governing bodies. To whom is the Foundation accountable.TRANSCRIPT
The Foundation Cassa di Risparmio di Padova e Rovigo
Abstract
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1. Who is and what does the Foundation do
2. The disbursements and their projects
3. Capital management, the engine that produces resources
4. Governing bodies
5. To whom is the Foundation accountable
What does this issue contain?
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1. Who is and what does the Foundation do
The Foundation Cassa di Risparmio di Padova e Rovigo is a private non-profit organization that operates to promote the social and economic development of communities in the provinces of Padua and Rovigo.
Palazzo della Ragione Padova
“20 years with you”
2012 is the anniversary of our 20 years of activity.The Foundation was in fact established at the end of 1991 and commenced to operate in the territories of Padua and Rovigo starting from 1992.
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Sacca degli ScardovariPorto Tolle (RO)
• Itinveststhepatrimonytoproduce income
Capital management aims both to preserve and increase it to guarantee resources also to future generations and to produce the income needed to support initiatives and projects.
It performs two types of strictly connected activities:
• Itpromotes,sustainsandcarriesout collective utility projects
This primarily in the following areas:- Scientific research- Education- Art and cultural activities- Health and Environment- Assistance and protection of
weak groups - Sport and Civil Protection
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2. The disbursements and their projects
1. Itdisbursesgrantstonon-profitorganizations to support the carrying out of projects and initiatives, by selecting among the demands that it receives:• after the publication of a notice of
competition with which it solicits the submission of projects in specific areas of intervention;
• without any specific solicitation.
2. Itcarriesoutprojectsdevelopedindependently (“its own projects”), which in some cases are managed directly by the personnel of the Foundation, while in other cases they are carried out in collaboration with other organizations.
All these activities are performed on the basis of the goals and strategies defined in the Long-termProgrammaticReport and in the Annual Programmatic Report, available on the website www.fondazionecariparo.it.
How does the Foundation operate?
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How many resources have been used and for what goals?
1992-2012 2011 2012
about 700 million euros 62 million euros 51 million euros (forecast)
Scientific Research
Education
Art andculturalactivities
Health and Environment
Assistance and protection of weak groups
Sport and Civil Protection
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It supports the local research in order to bring it to higher levels and achieve significant results. It supports a number of quality projects especially in the field of biomedicine, for its positive effects on our health. It encourages the transfer of innovative technologies from research laboratories to our companies in order for them to be more productive and competitive.
Scientific research
ECSIN laboratory Rovigo
1992-2012 2011 2012
101 million euros 9,6 million euros 9 million euros (forecast)
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It believes in the crucial importance of schooling, at all levels. It supports schools in the territory offering supplemental educational activities and innovative equipment. It assists many meritorious, foreign or disadvantaged students. It caters for teachers and scientists of international reputation and helps talented young researchers to study in Italy and abroad. It enhances the value of the University with scholarships, internships and vocational training projects. It spreads the knowledge of the Constitution, the foundation of our civilization and identity, among people of all ages and condition.
Education
ENAIP laboratoryPadua
1992-2012 2011 2012
141 million euros 10,9 milion euros 10 million euros (forecast)
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It works to bring more beauty and meaning in everyday life, also in small towns. It promotes exhibitions, concerts, shows, meetings with intellectuals and artists of value, also with the aim to develop our cultural tourism. Supports the creative work of young talented people. It restores and values historic buildings and monuments, theatres, museums and churches, in order to return them to our cities and those who live, visit and love them.
Art and cultural activities
1992-2012 2011 2012
141 million euros 8,3 million euros 8 million euro (forecast) Cathedral of Saint
Anthony - Padua
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It cares about the welfare of the community and future generations as well as the environment in which we live. It supports important activities of prevention and treatment of diseases, especially cancer, and helps the hospitals to be better equipped and more efficient. It sensitizes people to environmental values and stimulates them to fight pollution and waste.
Health and Environment
1992-2012 2011 2012
108 million euros 8 million euros 10 million euros (forecast)
Magnetic resonance image with open magnet - Rovigo Hospital
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It helps people with a difficult past to recover their future and lonely elderly people not to feel abandoned. It supports charities which bring help in difficult countries where there is daily emergency. It believes in the value of solidarity and works to fight exclusion and loneliness. It engages in assistance activities to disoriented adolescents, disadvantaged persons and families in difficulties, with children to grow or ill persons to assist.
Assistance and protection of weak groups
1992-2012 2011 2012
134 million euros 24,1 million euros 12 million euros (forecast)
OASIS Fathers MercedariansPadua
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It puts young people in sport at school and supports youth sports associations and facilities. It supports Civil Protection acquiring means to deal with emergency situations.
Sport and Civil Protection
1992-2012 2011 2012
20 million euros 1,3 million euros 2 million euros(forecast)
Rugby field of the “Mario Battaglini” Stadium - Rovigo
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According to a rule of law on Volunteering, it allocates a specific share of the resources to special Funds for financing the activities of Volunteering Service Centres, whose duty is to support, promote and qualify the volunteering activities. In the Veneto Region there are seven Volunteering Service Centres, one for each province.
It supports a project in order to boost and support the development of civil society and the third sector of the Southern regions, with specific attention to volunteer work. The project was created by the agreement between the representing entities of banking foundations, volunteering and the third sector.
Special Regional Funds for Volunteering
Project South
1992-2012 2011 2012
34 million euros 1,2 million euros 1,2 million euros (forecast)
1992-2012 2011 2012
31 million euros 0,5 million euros 0,5 million euros (forecast)
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If you are one of them, check if there are notices of competition to which you can participatewww.fondazionecariparo.it/bandi
Scientific Research
Education
Art andcultural activities
Health and Environment
Assistance and protection of weak groups
Sport and Civil Protection
Check if you classify to receive a contribution from the Foundation
If there are notices of competition in course to your interest
Select the notice of competition and fill in the request
If there are no notices of competitions in course to your interest
Check if your project falls within the guidelines of the Foundation by consulting the APR - Annual Programmatic Report.
Fill in a request
1. Have legal status, or be enrolled in one of the following registers:• Regional Register of Voluntary Organizations• Register of Social Promotion Associations• Register of amateur sports societies and associations set up at the CONI - Italian National Olympic Committee. 2. Be a non-profit organization. 3. Permanently operate in the areas of intervention of the Foundation and, in particular, in those to which the support is directed.
THE FOLLOWING CANNOT OBTAIN CONTRIBUTIONS:1. Individuals (except for scholarships, research and the like, which have to be awarded through competitions and a selection made by special committees).2. Political parties or political movements, trade unions or charitable institutions and trade association.
2.
3.
Visit the website www.fondazionecariparo.it
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4a. 4b.
In order to be granted a contribution it is necessary to:
For information on how to request a contribution write to:[email protected]?
Do you have an idea for a project in one of the sectors in which the Foundation operates?
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3. Capital management, the engine that produces resources
Where do the resources distributed annually to the territory derive from?
From the investment of its capital. The criteria that guide the choice of investments are: • the preservation of the capital• prudence• profitability• diversification• transparancy
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And if investments and the market conditions are unfavourable?
The Foundation manages a capital of 1,7 billion euros. Who financed them?
Does the Foundation pay taxes?
In order to guarantee the resources to the territory, also in the years in which the income is not as hoped, it has created a “Disbursements Stabilization Fund” that increasesinthemoreprofitableyears in order to constitute a reserve to draw from during “bad periods of business”. At the end of 2011 the Fund amounted to 147,9 million euros.
The Foundation was founded in 1991 with an initial capital of about 570 million euro deriving from the privatization process of Cassa di Risparmio di Padova e Rovigo effected after the reform of the banking system. It is the capital accumulated, thanks to the work of the Padua and Rovigo communities, of approximately 170 years of activity of Cassa di Risparmio.Thanks to the important growth of the banking participation (also as a result of the successive banking aggregations during the years), and the careful and prudent management of other investments, after twenty years the assets have reached a value of 1,7 billion euros*.
The Foundation is a non-commercial organization and as such is liable to pay:Income tax (IRES); tax on productive activities (IRAP); Municipal tax on property (IMU) except on properties used for social and cultural purposes; V.A.T. with no possibility to recover it; local taxes starting from TARSU (fees for disposal of municipal solid waste).
Moreover, on yieldsfromfinancialinvestments of its capital it must pay the State a substitutive tax of 20% which is added to the previous ones.
* Data at 31/12/2011
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4. Governing Bodies
Which are the governing bodies of the Foundation?
• The General Council (28 members). Has the duty to set the guidelines: determine the programs, priorities, objectives, audit results.
• The President. Is the legal representative; chairs the General Council and the Board of Directors.
• The Board of Directors (8 members). Attends to the ordinary and extraordinary administration.
• The Board of Auditors (3 members). Monitors compliance with the law and By-laws and the observance of good accounting principles.
• The Secretary General. Ensures the correct management of the resources and the instruction of the deeds for the deliberations of the organs.
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Who attends to the general management?
The vast development of the Foundation over the last few years has required the strengthening of the operational structure which is now composed of 34 persons.
Who chooses the persons composing the governing bodies?
The General Council 23 of its 28 members are chosen among institutions and entities of the territory of Padua and Rovigo, based on the criterion of competence and professionalism:
The other 5 members are chosen by the Board.
The General Council elects:• the President• the Board of Directors• the Board of Auditors
The Board of Directors appoints: • the Secretary General
• Municipality of Padua• Municipality of Rovigo• Province of Padua • Province of Rovigo• Chamber of Commerce of
Padua • Chamber of Commerce of
Rovigo • University of Padua
• Galileo Academy of Science Literature and Arts in Padua
• Academy of the Concordant Ones of Rovigo
• Diocese of Padua • Diocese of Adria-Rovigo • Professional institutions • Superintendents
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FUNCTIONSDuties: determines the programs, priorities and objectives. Verifies the results. Unique core competencies: approves the amendments to the By-laws; internal regulations, annual balance sheet, Multi-annual and Annual Planning documents. Appoints: the General Counsellors, the President, the Vice-President, the Board of Directors, the Board of Auditors.
NUMBER OF MEMBERS 28
YEARS IN OFFICE 5
WHO APPOINTS THE INDIVIDUAL MEMBERSThe same General Council mainly upon designation by local authorities and institutions.
PREREQUISITESAdequate and qualified experience in the fields of intervention; or particular social, artistic or cultural commitment; or business administration, control or management duties in public entities or companies
FUNCTIONSMonitors compliance with the law and By-laws, with the principles of proper management and, in particular, the organizational, administration and accounting structure adopted by the Foundation and its actual functioning.
NUMBER OF MEMBERS 3
YEARS IN OFFICE3
WHO APPOINTS THE INDIVIDUAL MEMBERSThe General Council
PREREQUISITESRegistration in the Register of Statutory Auditors
FUNCTIONSAssures the correct management of resources and instructions of the deeds for the deliberations of the organs. Participates in an advisory and propositive manner to the General Council and the Board of Directors.
YEARS IN OFFICE Period decided by the Board of Directors (5 years)
APPOINTED BYBoard of Directors
PREREQUISITESHigh professional qualification
FUNCTIONSHas legal representation. Chairs the General Council and the Board of Directors
YEARS IN OFFICE5
APPOINTED BYThe General Council
PREREQUISITESThe same prerequisites of the General Counsellors
FUNCTIONSAttends to the ordinary and extraordinary managementPerforms the duties of proposing and stimulating the Foundation's activities.
NUMBER OF MEMBERS 1 President; 2 Vice-Presidents; 6 Counsellors
YEARS IN OFFICE 5
WHO APPOINTS THE INDIVIDUAL MEMBERSThe General Council
PREREQUISITESThe same prerequisites of the General Counsellors
PRESIDENT
SECRETARY GENERAL
PLANNING AND RESEARCH
AUDIT
Outsourcing
INVESTMENTS AND FINANCIAL MANAGEMENT
SECRETARY GENERAL OFFICE
COMMUNICATION AND PUBLIC RELATIONS
INSTITUTIONAL ACTIVITY
ADMINISTRATION AND BALANCE SHEET
GOVERNMENT
OPERATIONAL STRUCTURE
GENERAL COUNCIL
BOARD OF DIRECTORS
Vice Presidents
BOARD OF AUDITORS
Governing bodies and operating structure
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FUNCTIONSDuties: determines the programs, priorities and objectives. Verifies the results. Unique core competencies: approves the amendments to the By-laws; internal regulations, annual balance sheet, Multi-annual and Annual Planning documents. Appoints: the General Counsellors, the President, the Vice-President, the Board of Directors, the Board of Auditors.
NUMBER OF MEMBERS 28
YEARS IN OFFICE 5
WHO APPOINTS THE INDIVIDUAL MEMBERSThe same General Council mainly upon designation by local authorities and institutions.
PREREQUISITESAdequate and qualified experience in the fields of intervention; or particular social, artistic or cultural commitment; or business administration, control or management duties in public entities or companies
FUNCTIONSMonitors compliance with the law and By-laws, with the principles of proper management and, in particular, the organizational, administration and accounting structure adopted by the Foundation and its actual functioning.
NUMBER OF MEMBERS 3
YEARS IN OFFICE3
WHO APPOINTS THE INDIVIDUAL MEMBERSThe General Council
PREREQUISITESRegistration in the Register of Statutory Auditors
FUNCTIONSAssures the correct management of resources and instructions of the deeds for the deliberations of the organs. Participates in an advisory and propositive manner to the General Council and the Board of Directors.
YEARS IN OFFICE Period decided by the Board of Directors (5 years)
APPOINTED BYBoard of Directors
PREREQUISITESHigh professional qualification
FUNCTIONSHas legal representation. Chairs the General Council and the Board of Directors
YEARS IN OFFICE5
APPOINTED BYThe General Council
PREREQUISITESThe same prerequisites of the General Counsellors
FUNCTIONSAttends to the ordinary and extraordinary managementPerforms the duties of proposing and stimulating the Foundation's activities.
NUMBER OF MEMBERS 1 President; 2 Vice-Presidents; 6 Counsellors
YEARS IN OFFICE 5
WHO APPOINTS THE INDIVIDUAL MEMBERSThe General Council
PREREQUISITESThe same prerequisites of the General Counsellors
PRESIDENT
SECRETARY GENERAL
PLANNING AND RESEARCH
AUDIT
Outsourcing
INVESTMENTS AND FINANCIAL MANAGEMENT
SECRETARY GENERAL OFFICE
COMMUNICATION AND PUBLIC RELATIONS
INSTITUTIONAL ACTIVITY
ADMINISTRATION AND BALANCE SHEET
GOVERNMENT
OPERATIONAL STRUCTURE
GENERAL COUNCIL
BOARD OF DIRECTORS
Vice Presidents
BOARD OF AUDITORS
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5. To whom is the Foundation accountable?
Financial Statements Social ReportList of resolutionsEnclosurestothesocialreport
All these documents are available on the website www.fondazionecariparo.it
The activity of the Foundation is under the supervision of:• theMinistryofEconomyandFinance• the Board of Auditors • Company of Auditors and Accounting Audits
to which the Foundation voluntarily submits its Financial Statements for certification.
Moreover the Foundation responds to the community for which it operates. Each year, in fact, it accounts for its actions and achievements, making available a set of documents to all.
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Fondazione Cassa di Risparmio di Padova e Rovigo
RegisteredandExecutiveOfficeinPaduaPiazza Duomo, 1535141 Padua Tel: 049.8234800 Fax: 049.657335
ExecutiveOfficeinRovigoPiazza Vittorio Emanuele II, 4745100 RovigoTel/Fax 0425.421976