The allocations made by Fondazione Compagnia di San Paolo for medium-term action are subdivided as follows:
- 2 million euros for 123 selected projects in Piedmont and Liguria with the “Insieme andrà tutto bene” Call for Proposals
- 300,000 euros for Fondazione Medicina a misura di donna Onlus, to buy masks and other PPE for the Sant’Anna Hospital
- 150,000 euros to strengthen the fundraising activities of the Community Foundations
- 1 million euros as an additional voluntary contribution to the revolving fund to support the financial requirements of charities set up by ACRI for the Coronavirus emergency
Fondazione Compagnia di San Paolo continues to stand by its commitment to support emergency action to tackle the challenge presented by the spread of the COVID-19 virus. with medium-term action to help overcome the crisis and systemic action to redesign and build the future.Today’s meeting of the Management Board approved the results of the “Together, everything will be fine” call for proposals, aimed at promoting neighbourly support action for vulnerable people, minors and families in difficulty in Piedmont and Liguria: 123 projects were selected to receive support totalling 2 million euros.“Some of the most worrying effects of the spread of COVID-19 and the measures to combat and contain it relate to vulnerable people, who are now finding it increasingly difficult to access and use the services they normally receive from public institutions and charities. Meanwhile, other groups of the population who had previously been able to maintain at least a precarious balance between poverty and adequate living conditions, are now also facing severe difficulties. There is therefore a clear risk that the current situation could cause a dramatic increase in social and educational inequality. By organising the "Together, everything will be fine" call for proposals, Fondazione Compagnia di San Paolo aims to help mitigate the social hardships in Piedmont and Liguria caused by the spread of COVID-19 and the restrictions arising from the measures to combat and contain it. The response we received from the local area is significant, partly because of the numbers involved – a total of 521 proposals were submitted – and partly because it shows a clear sign of the area’s vitality, resilience and willingness to act in solidarity with the community and take care of its most vulnerable members. This outpouring of welfare efforts could also lay the foundations for post-emergency and medium term action. Our Management Committee has therefore decided to support as many as 123 proposals across Piedmont and Liguria, with a total amount of € 2,000,000 – including an additional allocation of € 1,500,000 above the figure initially set of € 500,000 ” says Alberto Anfossi, Secretary General of Fondazione Compagnia di San Paolo.Also approved was a contribution of €300,000 for Medicina a Misura di Donna, a non-profit foundation, for the purchase of 70,000 FFP3 masks and other personal protective equipment for Sant’Anna Hospital.This supply will cover the hospital’s needs for 3 months.CSP has also decided to show concrete solidarity and support for communities by assisting the fund-raising campaigns currently being run by the Community Foundations: a total of up to €150,000 has been allocated to boosting the most effective fund-raising activities put in place by the Community Foundations.At its meeting on 18 March 2020, the Executive Committee of ACRI voted to launch a systematic initiative involving multiple foundations from the banking world to tackle the coronavirus emergency. The initiative will establish a revolving guarantee fund to support the financial requirements of third-sector organisations. Fondazione Compagnia di San Paolo today approved the allocation of an additional €1,000,000 voluntary contribution to boost the Fondo Nazionale Iniziative Comuni (National Fund for Common Initiatives), for the revolving guarantee fund to support the financial requirements of third-sector organisations during the coronavirus emergency.