The Foundation Cassa di Risparmio di Padova e Rovigo ABSTRACT

The Foundation Cassa di Risparmio di Padova e Rovigo

Abstract

1

2

What does this issue contain?

1.

Who is and what does the Foundation do

2.

The disbursements and their projects

3.

Capital management, the engine that produces resources

4.

Governing bodies

5.

To whom is the Foundation accountable

1

1. Who is and what does the Foundation do The Foundation Cassa di Risparmio di Padova e Rovigo is a private non-profit organization that operates to promote the social and economic development of communities in the provinces of Padua and Rovigo.

2012 is the anniversary of our 20 years of activity.

The Foundation was in fact established at the end of 1991 and commenced to operate in the territories of Padua and Rovigo starting from 1992.

Palazzo della Ragione Padova “20 years with you�

2

It performs two types of strictly connected activities: • It invests the patrimony to produce income Capital management aims both to preserve and increase it to guarantee resources also to future generations and to produce the income needed to support initiatives and projects.

• It promotes, sustains and carries out collective utility projects This primarily in the following areas: - Scientific research - Education - Art and cultural activities - Health and Environment - Assistance and protection of weak groups - Sport and Civil Protection

Sacca degli Scardovari Porto Tolle (RO)

3

2. The disbursements and their projects

How does the Foundation operate?

1.

It disburses grants to non-profit organizations to support the carrying out of projects and initiatives, by selecting among the demands that it receives: • after the publication of a notice of competition with which it solicits the submission of projects in specific areas of intervention; • without any specific solicitation.

2.

It carries out projects developed independently (“its own projects”), which in some cases are managed directly by the personnel of the Foundation, while in other cases they are carried out in collaboration with other organizations.

All these activities are performed on the basis of the goals and strategies defined in the Long-term Programmatic Report and in the Annual Programmatic Report, available on the website www.fondazionecariparo.it.

4

How many resources have been used and for what goals?

1992-2012

2011

2012

about 700 million euros

62 million euros

51 million euros (forecast)

Scientific Research

Education

Art and cultural activities

Health and Environment

Assistance and protection of weak groups

Sport and Civil Protection

5

Scientific research It supports the local research in order to bring it to higher levels and achieve significant results. It supports a number of quality projects especially in the field of biomedicine, for its positive effects on our health. It encourages the transfer of innovative technologies from research laboratories to our companies in order for them to be more productive and competitive.

ECSIN laboratory Rovigo

6

1992-2012

2011

2012

101 million euros

9,6 million euros

9 million euros (forecast)

Education It believes in the crucial importance of schooling, at all levels. It supports schools in the territory offering supplemental educational activities and innovative equipment. It assists many meritorious, foreign or disadvantaged students. It caters for teachers and scientists of international reputation and helps talented young researchers to study in Italy and abroad. It enhances the value of the University with scholarships, internships and vocational training projects. It spreads the knowledge of the Constitution, the foundation of our civilization and identity, among people of all ages and condition.

ENAIP laboratory Padua

1992-2012

2011

2012

141 million euros

10,9 milion euros

10 million euros (forecast)

7

Art and cultural activities It works to bring more beauty and meaning in everyday life, also in small towns.

It promotes exhibitions, concerts, shows, meetings with intellectuals and artists of value, also with the aim to develop our cultural tourism. Supports the creative work of young talented people. It restores and values historic buildings and monuments, theatres, museums and churches, in order to return them to our cities and those who live, visit and love them.

Cathedral of Saint Anthony - Padua

8

1992-2012

2011

2012

141 million euros

8,3 million euros

8 million euro (forecast)

Health and Environment It cares about the welfare of the community and future generations as well as the environment in which we live. It supports important activities of prevention and treatment of diseases, especially cancer, and helps the hospitals to be better equipped and more efficient. It sensitizes people to environmental values and stimulates them to fight pollution and waste.

Magnetic resonance image with open magnet - Rovigo Hospital

1992-2012

2011

2012

108 million euros

8 million euros

10 million euros (forecast)

9

Assistance and protection of weak groups It helps people with a difficult past to recover their future and lonely elderly people not to feel abandoned. It supports charities which bring help in difficult countries where there is daily emergency. It believes in the value of solidarity and works to fight exclusion and loneliness. It engages in assistance activities to disoriented adolescents, disadvantaged persons and families in difficulties, with children to grow or ill persons to assist.

OASIS Fathers Mercedarians Padua

10

1992-2012

2011

2012

134 million euros

24,1 million euros

12 million euros (forecast)

Sport and Civil Protection It puts young people in sport at school and supports youth sports associations and facilities. It supports Civil Protection acquiring means to deal with emergency situations.

Rugby field of the “Mario Battaglini�

Stadium - Rovigo

1992-2012

2011

2012

20 million euros

1,3 million euros

2 million euros (forecast)

11

Special Regional Funds for Volunteering According to a rule of law on Volunteering, it allocates a specific share of the resources to special Funds for financing the activities of Volunteering Service Centres, whose duty is to support, promote and qualify the volunteering activities. In the Veneto Region there are seven Volunteering Service Centres, one for each province.

1992-2012

2011

2012

31 million euros

0,5 million euros

0,5 million euros (forecast)

Project South It supports a project in order to boost and support the development of civil society and the third sector of the Southern regions, with specific attention to volunteer work. The project was created by the agreement between the representing entities of banking foundations, volunteering and the third sector.

1992-2012

2011

2012

34 million euros

1,2 million euros

1,2 million euros (forecast)

12

Do you have an idea for a project in one of the sectors in which the Foundation operates?

Scientific Research Education

1.

Art and cultural activities Health and Environment

Visit the website www.fondazionecariparo.it

Assistance and protection of weak groups

2.

Check if you classify to receive a contribution from the Foundation

Sport and Civil Protection

In order to be granted a contribution it is necessary to: 1. Have legal status, or be enrolled in one of the following registers: • Regional Register of Voluntary Organizations • Register of Social Promotion Associations • Register of amateur sports societies and associations set up at the CONI - Italian National Olympic Committee.

2. Be a non-profit organization.

3. Permanently operate in the areas of intervention of the Foundation and, in particular, in those to which the support is directed.

3.

THE FOLLOWING CANNOT OBTAIN CONTRIBUTIONS: 1. Individuals (except for scholarships, research and the like, which have to be awarded through competitions and a selection made by special committees).

2.Political parties or political movements, trade unions or charitable institutions and trade association.

If you are one of them, check if there are notices of competition to which you can participate www.fondazionecariparo.it/bandi

are notices 4a. Ifoftothere competition in course your interest

4b.

Select the notice of competition and fill in the request

If there are no notices of competitions in course to your interest Check if your project falls within the guidelines of the Foundation by consulting the APR - Annual Programmatic Report.

Fill in a request

?

For information on how to request a contribution write to: istituzionale@fondazionecariparo.it

13

3. Capital management, the engine that produces resources

Where do the resources distributed annually to the territory derive from?

14

From the investment of its capital.

The criteria that guide the choice of investments are: • the preservation of the capital • prudence • profitability • diversification • transparancy

The Foundation manages a capital of 1,7 billion euros. Who financed them?

And if investments and the market conditions are unfavourable?

Does the Foundation pay taxes?

The Foundation was founded in 1991 with an initial capital of about 570 million euro deriving from the privatization process of Cassa di Risparmio di Padova e Rovigo effected after the reform of the banking system.

It is the capital accumulated, thanks to the work of the Padua and Rovigo communities, of approximately 170 years of activity of Cassa di Risparmio.

Thanks to the important growth of the banking participation (also as a result of the successive banking aggregations during the years), and the careful and prudent management of other investments, after twenty years the assets have reached a value of 1,7 billion euros*.

In order to guarantee the resources to the territory, also in the years in which the income is not as hoped, it has created a “Disbursements Stabilization Fund” that increases in the more profitable years in order to constitute a reserve to draw from during “bad periods of business”. At the end of 2011 the Fund amounted to 147,9 million euros.

The Foundation is a non-commercial organization and as such is liable to pay: Income tax (IRES); tax on productive activities (IRAP); Municipal tax on property (IMU) except on properties used for social and cultural purposes; V.A.T. with no possibility to recover it; local taxes starting from TARSU (fees for disposal of municipal solid waste).

Moreover, on yields from financial investments of its capital it must pay the State a substitutive tax of 20% which is added to the previous ones.

* Data at 31/12/2011

15

4. Governing Bodies

Which are the governing bodies of the Foundation?

16

• The General Council (28 members). Has the duty to set the guidelines: determine the programs, priorities, objectives, audit results.

• The President. Is the legal representative; chairs the General Council and the Board of Directors.

• The Board of Directors (8 members). Attends to the ordinary and extraordinary administration.

• The Board of Auditors (3 members). Monitors compliance with the law and By-laws and the observance of good accounting principles.

• The Secretary General. Ensures the correct management of the resources and the instruction of the deeds for the deliberations of the organs.

Who chooses the persons composing the governing bodies?

The General Council 23 of its 28 members are chosen among institutions and entities of the territory of Padua and Rovigo, based on the criterion of competence and professionalism: • Municipality of Padua • Municipality of Rovigo • Province of Padua • Province of Rovigo • Chamber of Commerce of Padua • Chamber of Commerce of Rovigo • University of Padua

• Galileo Academy of Science Literature and Arts in Padua • Academy of the Concordant Ones of Rovigo • Diocese of Padua • Diocese of Adria-Rovigo • Professional institutions • Superintendents

The other 5 members are chosen by the Board.

The General Council elects: • the President • the Board of Directors • the Board of Auditors The Board of Directors appoints: • the Secretary General

Who attends to the general management?

The vast development of the Foundation over the last few years has required the strengthening of the operational structure which is now composed of 34 persons.

17

Governing bodies and operating structure

GOVERNMENT

GENERAL COUNCIL

FUNCTIONS Duties: determines the programs, priorities and objectives.

Verifies the results.

Unique core competencies: approves the amendments to the By-laws; internal regulations, annual balance sheet, Multi-annual and Annual Planning documents.

Appoints: the General Counsellors, the President, the Vice-President, the Board of Directors, the Board of Auditors.

NUMBER OF MEMBERS 28

Vice Presidents

YEARS IN OFFICE 5 WHO APPOINTS THE INDIVIDUAL MEMBERS The same General Council mainly upon designation by local authorities and institutions.

PREREQUISITES Adequate and qualified experience in the fields of intervention; or particular social, artistic or cultural commitment; or business administration, control or management duties in public entities or companies

FUNCTIONS Attends to the ordinary and extraordinary management Performs the duties of proposing and stimulating the Foundation's activities.

YEARS IN OFFICE 5

NUMBER OF MEMBERS 1 President; 2 Vice-Presidents; 6 Counsellors

PREREQUISITES The same prerequisites of the General Counsellors

FUNCTIONS Monitors compliance with the law and By-laws, with the principles of proper management and, in particular, the organizational, administration and accounting structure adopted by the Foundation and its actual functioning.

YEARS IN OFFICE 3

WHO APPOINTS THE INDIVIDUAL MEMBERS The General Council

BOARD OF DIRECTORS

BOARD OF AUDITORS

18

NUMBER OF MEMBERS 3

WHO APPOINTS THE INDIVIDUAL MEMBERS The General Council PREREQUISITES Registration in the Register of Statutory Auditors

OPERATIONAL STRUCTURE

INSTITUTIONAL ACTIVITY FUNCTIONS Has legal representation.

Chairs the General Council and the Board of Directors

ADMINISTRATION AND BALANCE SHEET

YEARS IN OFFICE 5 APPOINTED BY The General Council PREREQUISITES The same prerequisites of the General Counsellors

PLANNING AND RESEARCH

PRESIDENT

INVESTMENTS AND FINANCIAL MANAGEMENT

SECRETARY GENERAL

SECRETARY GENERAL OFFICE

FUNCTIONS Assures the correct management of resources and instructions of the deeds for the deliberations of the organs.

Participates in an advisory and propositive manner to the General Council and the Board of Directors.

COMMUNICATION AND PUBLIC RELATIONS

YEARS IN OFFICE Period decided by the Board of Directors (5 years) APPOINTED BY Board of Directors PREREQUISITES High professional qualification

AUDIT Outsourcing

19

5. To whom is the Foundation accountable?

The activity of the Foundation is under the supervision of: • the Ministry of Economy and Finance • the Board of Auditors • Company of Auditors and Accounting Audits to which the Foundation voluntarily submits its Financial Statements for certification.

Financial Statements

Social Report List of resolutions Enclosures to the social report

All these documents are available on the website www.fondazionecariparo.it 20

design by: L. Bortoloni www.laurabortoloni.com, M. Zin www.hanamiadv.it; photographs by: G. Croppi; printed by: CentroOffset

Moreover the Foundation responds to the community for which it operates. Each year, in fact, it accounts for its actions and achievements, making available a set of documents to all.

Fondazione Cassa di Risparmio di Padova e Rovigo Registered and Executive Office in Padua Piazza Duomo, 15 35141 Padua Tel: 049.8234800 Fax: 049.657335 Executive Office in Rovigo Piazza Vittorio Emanuele II, 47 45100 Rovigo Tel/Fax 0425.421976 www.fondazionecariparo.it info@fondazionecariparo.it