In today's world, Fondazione Cariplo is a topic that occupies a central place in conversations and debates in society. Whether in terms of social, economic, political or cultural impact, Fondazione Cariplo has captured the attention of people of all ages and walks of life. The relevance and importance of Fondazione Cariplo extends globally, and its influence is felt in different areas of daily life. In this article, we will explore the different facets and perspectives surrounding Fondazione Cariplo, with the aim of deeply understanding its scope and its implications for the present and the future.
Predecessor | Philanthropic activities of the Cassa di Risparmio delle Provincie Lombarde (founded in 1823) |
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Formation | December 1991 |
Type | charitable foundation (fondazione di origine bancaria) |
Headquarters | via Daniele Manin 23 - 20121 Milan, Italy. |
Location |
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Secretary General | Sergio Urbani |
President | Giovanni Fosti |
Budget | Assets 6.55 billion euros; distribution 140,465,613.49 euros to 986 beneficiaries (2012) |
Staff | 61 |
Website | www |
Fondazione Cariplo is a charitable foundation in Milan, Italy. It was created in December 1991 when the Amato law, Law no. 218 of 30 July 1990, came into force. Under this law, saving banks were required to separate into a not-for-profit foundation and a commercial banking arm. The Cassa di Risparmio delle Provincie Lombarde, commonly known as Cariplo, was divided into the Fondazione Cariplo and Cariplo SpA, the bank, which merged with Ambroveneto in 1998.
As at 31 December 2014, the organisation had a shareholders equity of €6,889,487,562.
Fondazione Cariplo is part of the Partner Circle of the Foundations Platform F20, a global network of foundations and other philanthropic organizations.
At the end of year 2000, the foundation held 9.87% shares of Banca Intesa (fell from 18.55% circa before the merger of Intesa with Banca Commerciale Italiana) as well as 2.77% shares of Sanpaolo IMI. on 31 December 2006, the day before the merger of Intesa and Sanpaolo, the foundation was the second largest shareholder of Intesa after Crédit Agricole.
After the merger, the foundation fell to 5th largest shareholder for 4.68% of the shares of Intesa Sanpaolo (on 31 December 2007). However it increased to third largest shareholder on 31 December 2014, after Compagnia di San Paolo (9.506%) and BlackRock (which acted as a fund manager for their client, 4.897%) The three other major shareholders with >2% were Ente Cassa di Risparmio di Firenze 3.248%, and Fondazione Cassa di Risparmio di Padova e Rovigo (4.162%), as well as Norges Bank at 2.032%.
Fondazione Cariplo was the largest shareholder (37.65%) of Quaestio Holding, the parent company of Quaestio Capital Management SGR, which was an Italian private equity fund manager. In turn, Fondazione Cariplo was one of the clients of the manager, as the owner of the units of QUAMVIS S.C.A., SICAV-FIS - FUND ONE
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