Supports social change, civil society, and financial inclusion initiatives.
The ERSTE Foundation is a private Austrian foundation linked to the Erste Group, one of the largest financial service providers in Central and Eastern Europe. The foundation focuses on four strategic goals: financial health for all, support for those who help others, preserving a democratic Europe, and fostering contemporary culture. The foundation invests part of its dividends in the regions where the Erste Group operates, supporting initiatives for social change, civil society development, and regional progress. It acts as an innovative driver and knowledge disseminator, aiming to strengthen public discourse on necessary societal changes. Key initiatives include the Zweite Sparkasse, which helps individuals in difficult financial situations; the NGO Academy, providing high-quality training for civil society organizations; and the Erste Financial Life Park (FLiP), promoting financial literacy. The foundation also supports artists and cultural projects, particularly those reflecting social and political developments in Central and Eastern Europe. Recent projects and organizations financed by the ERSTE Foundation include Two Next, which develops digital solutions for social problems, and Ideas for Action, researching the state of democracy in Europe. However, specific financial resources, typical project financing amounts, and detailed funding criteria are not publicly disclosed on the provided website.