2011 Results

In  2011, the assets of the 15 Community Foundations surpassed €220 million, growing by about 2% over the prior year. In 2011, another two foundations met the fundraising challenge, namely the Lodi Community Foundation in the early part of the year and the ProValtellina Foundation in the second half of the year, bringing the number of community foundations meeting the fundraising challenge to 10.

In 2011, there was a decline in both number and amount of donations, namely 3,900 donations amounting to about €8 million versus €13 million in 2010. Down 39% over 2010 the total amount of donations declined more markedly than the number of donations, down 9%. As the engagement of local communities continued to grow steadily 66% of donations came from individuals. The rest of donations were made by businesses (14%), private entities (13%) and public entities (5%).

Overall, community foundations recorded inflows of funds aggregating to €19.3 million, of which  €14.5 million contributed by Fondazione Cariplo and accounting for 75% of total inflows versus 54% in 2010.

In 2011, Community Foundations’ grants reached €22 million funding over 2,300 social benefit projects. Compared to 2010, the number of projects funded was up 4%, while awarded amounts were down 7%. Total outlays, including grants and operating expenses, aggregated to €24 million (down 5% over 2010).