Cariplo Foundation, 4pm Community Foundations for the implementation of projects useful to local communities turns 25
The community foundations Of Cariplo Foundationborn with the project Community Foundationsthey turn 25 years old. As agenzianova.com reports, this is the largest project carried out by the philanthropic association with a total investment of 539 million euros (160 million for assets, 377 million for territorial transfers and various co-financing, 2 million for services supported by Cariplo).
The 16 community foundations active in the Lombardy region and in the provinces of Novara and Verbano Cusio Ossola achieved a total capitalization of approximately 294.5 million euros in 2023, supporting projects in the area with an investment of approximately 36 million euros for the organizations non-profit in the reference area.
“Community foundations have reached a stage of maturity, just like a person, at 25 years old. They have significant assets and are now recognized interlocutors,” he declared Giovanni Azzonepresident Cariplo Foundation – People, institutions and companies in the area know them and place their trust in them, which is the key factor for working together. They have among the members of the bodies and among the operators and collaborators serious professionals who add an extra soul to what they do. A winning mix of managerialism and sensitivity.”
“Cariplo Foundation relies on them, aware of being able to count on a unique network that reaches even the most remote places, in a logic of listening and responding to the needs, even of those who live in those villages where there often seems to be little or nothing, and who instead they have treasures of great value: the strength of relationships that moves the world and makes things happen,” concluded Azzone.
Among the objectives of community foundations is that of aggregating bodies and resources to carry out initiatives in favor of local communities by promoting the participation of citizens, non-profit and public bodies, and private companies. They also act as “philanthropic intermediaries” to collect donations and stimulate projects of general interest.
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