The Foundation

 
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Identity Card

Established: March 2003

Legal status: Foundation

Governance: Board of Directors – Chairperson -  Board of Auditors

Staff: 8 People

Intervention areas: Europe (mainly Central and Eastern Europe countries)

 

UniCredit Foundation is a non-profit corporate foundation, as further testimony of the Group’s engagement in the promotion of a complex set of principles which are the basis of its corporate identity. UniCredit Foundation is entirely financed by the Group and it is an independent legal entity with a Board of Directors.

 

UniCredit Foundation is engaged in promoting the culture of modern corporate philanthropy, as well as of civil commitment, donation and voluntary work. The Foundation offers itself as a bridge between the employees of UniCredit– who are interested and willing to direct their energy and skills toward personal social engagement – and the needs of the target communities.

 

UniCredit Foundation is also interested in deepening the theme of social economy, with a particular focus on the meaning of business philanthropy and, more in general, on the relationship between for profit and non-profit.

 

 

Data Synthesis

Overall allocation of funds (%)

The allocation of funds for the year 2016 shows that 30% of the resources were used for the design, implementation and management of UniCredit Foundation projects in Central and Eastern Europe, in Austria, Germany and Italy.

55% of funds were allocated to activities that the Foundation proposed to UniCredit employees through the Employee Community Involvement initiatives.

13% of the funds were used to cover general administrative costs.

Finally, a specific item is recognised relative to costs incurred for the monitoring of the individual projects, accounting for 2% of the Foundation balance sheet.

 

For further information, please download the 2016 Annual Report of UniCredit Foundation