The Fondazione Compagnia di San Paolo as an open philanthropic platform to manage Philanthropic Funds that come from donations and legacies on the model of donor-advised funds model.
Impact tools for the philanthropy of ideas
The Compagnia di San Paolo deploys an open platform philanthropic model, capable of receiving funds, donations, and bequests and translating them into concrete projects.
This is made possible by our history and our nature: we are a foundation of banking origin that has worked with assets for over 500 years to ensure they generate an impact for the common good.
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22 philanthropic funds opened since 2016
Thanks to the collaboration between the Foundation, the banking system, and private citizens, since 2016 we have established 22 Philanthropic Funds, reaching a total of 56 million euros in overall collection by 2026.
A Regulation is drawn up for each philanthropic fund, defining its scope of action, consistent with the deed of donation and the donor’s wishes.
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The advantages for those who choose to open a philanthropic fund with Fondazione Compagnia di San Paolo
1. Local impact
Donors become part of a philanthropic history that began 500 years ago and have the certainty of having entrusted part of their assets to an institution capable of supporting projects oriented towards the target communities, with constant monitoring of the social impact produced.
3. Flexibility and control
Philanthropic tools allow for high levels of control and management flexibility; the donor defines the management method (using only the Fund’s returns or the capital portion as well).
2. Customization and participation
Guaranteed dialogue with philanthropy professionals able to guide the chosen giving strategy with clarity and determination, in line with the programs of Fondazione Compagnia di San Paolo, to activate the Fund and complete projects within the established timeframe and methods.
4. Full tax exemption
Everything donated is used for the fund’s philanthropic initiatives. Liberal bequests in favor of Foundations of Banking Origin, such as Fondazione Compagnia di San Paolo, are totally exempt from inheritance and gift taxes, as regulated by art. 3 of Legislative Decree 346/1990.
For more information, please contact governance@compagniadisanpaolo.it
Stories of Philanthropic Funds and the Projects They Support
Cornaglia Fund
Established in 2017 through a testamentary bequest, the Fund is primarily dedicated to the care of terminally ill patients and patients with progressive diseases, prioritizing assistance that avoids long hospital stays, with the subsequent strategic objective of acquiring and redeveloping the S. Vito hospital facility to transform it into an advanced hub for local medicine, in partnership with Fondazione F.A.R.O. Endowment 24,000,000 euro.
Fund in memory of M. N-Z.
Established in 2021, the Fund supports sustainable models of international cooperation for educational development in West Africa, in particular in Senegal, and for the fight against food poverty in Guinea Bissau. To date, the Fund has financed the construction of the Manuela School, a comprehensive school for students from 3 to 18 years old, in the province of Louly Benteigne (SN), and a nutritional center in the province of Farim (GW). Endowment 1,000,000 euro.
Fund in memory of M and M B.
The Fund, established in 2023, aims to preserve the history and the artistic and cultural heritage of northeastern territories, through support for conservative restoration works of assets of high artistic and religious value. Currently, the Fund is completing the restoration of the Convent of Nostra Signora del Carmelo in Loano, a National Monument among the highest examples of 16th-century Italian architecture. Endowment 1,000,000 euro.