Promotes cultural, social, and economic development through funding.
Fondazione Compagnia di San Paolo is a private foundation based in Turin, Italy, established in 1563 for philanthropic and charitable purposes. It aims to promote cultural, social, and economic development in northwestern Italy and beyond. The foundation focuses on several key areas, including research and higher education, cultural heritage, health, and social policy. It operates through grants and projects managed directly by its structure and through its operating bodies, such as the Fondazione per la Scuola and the Collegio Carlo Alberto. In terms of financial resources, the foundation relies on the income produced by its estate, which it has accumulated over centuries. Specific figures for typical project financing are not readily available, but it has allocated significant sums for specific initiatives. For example, in 2021, it made available a budget of over €14 million for the "Next Generation You" (NGYou) project and €9.5 million for the "Next Generation We" (NGWe) project to support local institutions and social innovation. The criteria for receiving funding include alignment with the foundation's strategic goals and the United Nations Sustainable Development Goals (SDGs), which it adopted in 2020. Recent projects include NGYou and NGWe, which aimed to strengthen the organizational capabilities of local entities and support their applications to the National Recovery and Resilience Plan (PNRR).