Italian institutional philanthropy: challenges and opportunities

Stefania Mancini WINGSForum, November 18th, 2010

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The philanthropic sector in Italy

• Up to the start of ’90s the phenomenon existed but was not widely-perceived.

• Between 1996 and 2005 were created the 48% of the foundations taken in census by ISTAT.

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Growth and diversification: 1.the bank foundationsBeginning of the 1990s creation of:88 grant-issuing foundations of banking origin,

Assets (year 2008):total assets around € 48.8 bn7 foundations with assets exceeding €1 bn3 foundations with assets exceeding €5bn

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2. the other grant-issuing foundations

Last 10 years’ evolution:

grant-making foundations by large companiesgrowth of family foundationsnew community foundations

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Institutional philanthropy in the context of the Italian NP sector

NP sector development in the ‘80s:Type of activities Legal formsNP sector based on the outsourcing of services

↓Italian Welfare system

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The crisis of the welfare state: opportunities and risks

Crisis is spreading further and further in Italy:- fewer public resources- a latest surge in poverty

The critical position of grant-issuing foundations sought out by PAs and NPOs

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What strategies and what actions?Crisis

↓Foundations’ huge responsibility

Cooperation Operate by pooling Infrastructure-building initiatives in the NPsector Assessment tools Building strategies and programs jointly with non-

profit groups and PAs

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Improving ourselves to improve our work

Hard work in coming years:Foundations have to become bearer of vision-messages-proposals;Develop their professional levels;Create a common front and work togetherDevelop the culture of citizenship,commitment,responsibility and solidarity

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ASSIFERO

This is the plan adopted by Assifero.It is the reference point for institutional philanthropy in ItalyAssist grant issuing entities and those who would like to start new ones

58 members – 50% community foundations

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Assifero and the future of the Institutional Philanthropy in Italy

Fostering the growth of the kind of trust that is at the heart of social capital and the development of every community.Disseminate a new set of indicators based also on trust, motivations, civic responsibility, humanity.

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Assifero

Via Monte di Pietà, 1220121 - MILANO

Tel. +39 02.321.68.601Fax +39 02.321.68.630

info@assifero.orgwww.assifero.org

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