We manage our assets by applying three key concepts from the philanthropic debate: trust, risk and flexibility.
Our approach to asset management is designed to ensure a constant flow of resources to support projects that impact positively on the social, cultural and economic fabric, at a national and international level.
To achieve this, we apply the three key principles of philanthropy. We translate trust into operational terms, to recognise organisations’ capacity to develop effective projects. We assume the risk of investing in projects that have the potential to open up major opportunities, even if the outcomes of those projects are uncertain. We think in terms of flexibility in order to identify the best ways of using resources for the common good.
Calls for proposals, guidelines and individual closing dates
Each of the 14 missions provides resources in a range of ways. Particular use is made of competitive calls for proposals to select projects that meet specific needs, according to clearly defined rules and time-frames. Other tools include guidelines, which offer broader guidance and often operate on a “help-desk” basis, and thematic calls for proposals, aimed at attracting expressions of interest and projects in targeted fields of intervention. Individual closing dates represent the final deadline for the submission of applications for certain initiatives or calls for proposals.
Ordinary grants
Ordinary grants are awarded in response to general grant applications, which are deemed valid for certain purposes and projects, even though they do not fall into any of the highlighted categories and do not have any dedicated forms. Nonetheless, the dedicated online application platform can be used to apply for ordinary grants.
Financial management and planning
Asset management is aimed at generating a planned and sustainable flow of resources for the geographical coverage area, through strategic allocation of resources, risk management and constant monitoring. The Finance Department also manages complex instruments for resource acquisition, such as Mission Related Investments and social impact investments.
Teamwork
We carry out our work in constant communication with the Institutions and our Auxiliary Bodies: Fondazione per la Scuola, Fondazione Ufficio Pio Ente filantropico, Fondazione 1563 per l’Arte e la Cultura, Fondazione Collegio Carlo Alberto, Fondazione Links – Leading lnnovation & Knowledge for Society e Fondazione Italian Institute for Genomic Medicine – IIGM.
