Supports societal development and promotes social inclusion initiatives.
Erste Foundation is a private Austrian savings bank foundation established in 2003. It is the main shareholder of Erste Group and invests part of its dividends to support societal development in Central and Southeastern Europe. The foundation focuses on three main program areas: Social Development, Culture, and Europe. It aims to strengthen civil society, foster social inclusion, and promote European integration in the region. Erste Foundation develops its own projects and provides grants to non-profit organizations. Key initiatives include the NGO Academy, which offers capacity building for civil society organizations, and Social Banking, which provides financial services and education to underserved groups. The foundation also supports cultural projects and European policy discussions. While specific financial data is not publicly available, Erste Foundation has invested over €100 million in projects since its inception. Grant amounts vary based on project scope. Funding criteria emphasize innovative approaches to current social challenges in Central and Southeastern Europe, cross-border implications, and sustainable civil society development. Recent supported projects include financial education programs, social entrepreneurship initiatives, and cultural exchange programs across the region. The foundation aims to act as a long-term partner in developing social infrastructure and strengthening democracy in Europe.