Le Lézard
Classified in: Business
Subject: Philanthropy

Intesa Sanpaolo: 20 million euros from the Charity Fund in 2023


TURIN, Italy, April 17, 2023 (GLOBE NEWSWIRE) --  Intesa Sanpaolo's Charitable and Social and Cultural Works Fund, under the Bank's Chairmanship, will be able to erogate 20 million euros in 2023 to third-sector entities to counter difficult situations made even more severe by the recent health, economic and social crisis.

There are four priority themes of action: emergency interventions against poverty, support for women and minors who are victims of violence, fight against educational poverty and the digital divide, support for NEETs (young people who neither study nor work) and ELETs (young people who drop out early school or training activities).

"A country in which the social gap continues to widen is not a country that can grow peacefully. This is the founding premise on which Intesa Sanpaolo's commitment to come to the aid of people and families in difficulty starts, a commitment which The 2022-2025 Business Plan has been doubled in the number of interventions The Charity Fund has been contributing to this goal for some time and will again concentrate resources in 2023, 20 million euros, to reduce the social, educational and digital gaps that limit the full development of the country and of the people", says the president of Intesa Sanpaolo, Gian Maria Gros-Pietro.

New to 2023 is the project to analyze the economic impact of the Charity Fund's activity carried out with Altis Advisory, a spin-off of the Catholic University of the Sacred Heart of Milan, which aimed at figuring out the economic value generated. According to the project the disbursements of the Fund generates a 'four' multiplier effect of the social and economic value of the goods and services rendered by third sector entities (ETS). For example January 2021-October 2022, given 18.8 million euros disbursed (Economic Value Delivered), 78.2 million euros of impact were paid with economic resources 'freed up' for other needs (economic value generated).

In the last 5 years, 71 million have been disbursed by the Fund, for a total of over 4,000 projects supported: last year, in particular, 16 million euros were erogated for 65,000 direct beneficiaries.

For more information:

Press Office LaPresse - [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5870fafa-cdc0-46dc-98c1-abda24502f33

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.



These press releases may also interest you

at 14:00
Rendina Healthcare Real Estate is proud to announce the official opening of Inspira Health Center Deptford, a state-of-the-art outpatient health center in Deptford, NJ. This significant development is the result of a fruitful partnership with Inspira...

at 14:00
Speakeasy Co., the leading eCommerce platform for alcohol brands seeking to navigate the complexities of the digital marketplace, announces the release of its 2023 eCommerce Report. This comprehensive analysis was crafted by Speakeasy's expert...

at 14:00
Shipley Do-Nuts, one of the nation's oldest and largest do-nut brands, continued its trend of positive same-store sales and bolstered its rapid growth trajectory with an expanded development team, 14 signed deals for 61 new locations throughout Texas...

at 14:00
At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation voted to increase the quarterly cash dividend on the Company's common stock from $0.59 per share to $0.64 per share. The Board's action raises the 2024...

at 14:00
Montreal Port Authority (MPA) President and CEO Julie Gascon, Chair of the Board Nathalie Pilon and Chief Financial and Technology Officer Geneviève Deschamps today released the Port of Montreal's 2023 operating results at the annual meeting, held at...

at 13:58
We are advised by Groupe HD that journalists and other readers should disregard the news release, Acquisition and partnership: Repurposing of a commercial site in Anjou as a TOD project with nearly 1,000 residential units, issued 08-May-2024 over PR...



News published on and distributed by: