The Foundation in Figures
| Investment per area | 0% | 25% | 50% | 75% | 100% |
| Education | |||||
| Social welfare |
The Foundation develops its own projects with the aim of helping participants grow on an individual level and enrich society. Currently, this area includes the Scholarship Program, through which Spanish high school students spend an academic year in educational institutions in the United States and Canada, living with local families; the Master's in Journalism and Audiovisual Production, designed for graduates in the fields of Communication and Audiovisual Production; and the Impulsa project, focused on promoting the completion of compulsory schooling for students from vulnerable backgrounds.
The Foundation collaborates with public administrations and third-sector entities to strengthen social welfare infrastructures and services. Among the main ongoing initiatives are the construction of the first Comprehensive Pediatric Palliative Care Center in Madrid, the NIPACE neurological rehabilitation center in Guadalajara, and the Únicas Sant Joan de Déu Center in Barcelona. Additionally, projects continued to support the most vulnerable sectors of society through collaborative initiatives with the Spanish Red Cross, Caritas Spain, and the Spanish Federation of Food Banks.
|
Executed
2019-2023 |
Commited
2024-2028 |
|
| Social investment in own projects and financing to other institutions | 447.6 | 681.7 |
| Education | 43.3 | 54.1 |
| Social welfare | 404.3 | 627.6 |
| Structural costs | 1.5 | 0.8 |
| Total | 449.1 | 682.5 |
The committed investment for the 2024-2028 period includes a donation agreement of 30 million euros to the Fundación Porque Viven for the construction of a Comprehensive Pediatric Palliative Care Center, as well as collaboration agreements signed with the Spanish Red Cross (15 million euros), Caritas (15 million euros), and the Spanish Federation of Food Banks (10 million euros); in addition to a commitment of 300 million euros for the National Proton Therapy Program.
| Social investment by area | 0 | 25% | 50% | 75% | 100% |
| Education (2019-2023) | |||||
| Education (2024-2028) | |||||
| Social welfare (2019-2023) | |||||
| Social welfare (2024-2028) |
|
2023
|
2019-2023
|
|
| Contributions by the founder | 80.6 | 445.5 |
| Financial income | 2.5 | 3.7 |
| Type of income | 0 | 25% | 50% | 75% | 100% |
| Contributions by the founder (2023) | |||||
| Financial income (2023) | |||||
| Contributions by the founder (2019-2023) | |||||
| Financial income (2019-2023) |
Dated June 12th, 2012 the Foundation’s Board of Trustees passed the amendment of the Foundation’s Financial Investment Code of Conduct, in force since June 30th, 2004. Such code governs the investment criteria and the maximum investment limits allowed, as well as the types of products and currencies allowed in such investments.
The Foundation’s financial risk management is centralized in one member of the Board of Trustees who is responsible for the Foundation’s financial investments. Such member is appointed for a three-year period, and among his duties is to supervise and select the investments as well as to observe the proper compliance with the Code of Conduct.
Generally, the Foundation maintains its cash flow and liquid assets equivalent, as well as its long-term and short-term financial investments in high credit rating financial institutions.
The Code of Conduct sets limits regarding credit risk rating, limiting investments to those with issuers belonging to O.E.C.D. countries and with a credit risk rating never lower than a a BBB- or Baa3, except for those issued by the Spanish State, which can be hired in any case.
In order to guarantee liquidity and to meet all the payment commitments derived from its activity, the Foundation keeps at all times a liquidity ratio of an amount equivalent to 0.5% of the total of all financial investments.
The Code of Conduct determines that all the financial products hired by the Foundation must be denominated in euros.
The income earned originated from financial instruments belonging to the Foundation, among which the fixed-term deposits particularly stand out, generate less than 10% of the income.
Relative weight based on type of financial asset
The methodology used by Fundación Amancio Ortega to present the information about its activities guarantees that the data presented is truthful and contains information which is updated and complete. Such methodology is based on the following basic principles:
- Accessible and visual content.
- Updated and complete information.
- Content presented mindfully due to its relevance.
- Truthful information.
Such information is prepared in compliance with the financial information legal framework applicable to Fundación Amancio Ortega, which is established in:
- The Commercial Code and other corporate legislation.
- The Spanish National Chart of Account and, in particular, the Rules for the Adaptation of the Spanish National Chart of Account to Non-profit Institutions and the Activity Plan Model of these Institutions.
- Law 12/2006, dated December 1st, on foundations of Galician interest and policy development contained in Decree 14/2009, dated January 21st, in which the regulation of Galician interest is passed, as well as, in certain provisions, Law 50/2002, dated December 26th, on Foundations, developed by Royal Decree 1337/2005, dated November 11th, by which the Spanish statewide regulation of Foundations is passed.
- Any other Spanish Accounting and Tax legislation specifically applicable.
