PRESENTATION OF THE FOUNDATION

History

Fondazione Cassa di Risparmio di Modena is one of the 88 foundations of banking origin present in Italy: these are private and independent non-profit organisations which were set up at the beginning of the 1990s as a result of legislation for reforming Savings Banks and subsequent regulations issued in recent years.
The Foundation started its activity on August 1 1991 after a radical reorganisation process which saw Cassa di Risparmio di Modena and Banca del Monte di Bologna confer their banking activity on Carimonte Banca S.p.A, pursuant to “Amato-Carli” law 218/90. The merger of Credito Romagnolo with Carimonte Banca S.p.A led to the creation of Rolo Banca 1473, which later became part of the UniCredito Italiano group.
From 1993 the foundation has been based in Palazzo Monteccucoli, built in the second half of the eighteenth century, on via Emilia, in the heart of the city of Modena, on the remains of a church dedicated to San Biagio

The Foundation’s Governing Bodies

Board of Governors
Management Board
Chairman
Board of Auditors
Secretary-General

Institutional activity

The Foundation’s initiatives are in the following areas:

1. Art, cultural activities and heritage
2. Scientific and technological research
3. Activities of considerable social value

The Art, cultural activities and heritage sector includes initiatives concerning:
a) the restoration of works of architectural and historical-artistic interest;
b) the support of musical activities promoted by local bodies and associations;
c) the support of theatrical activities;
d) the promotion of exhibitions organised by the Foundation itself or in collaboration with other bodies;
e) the promotion of cultural events;
f) the publication of monographs and series on issues of historical and artistic interest;
g) the promotion of educational activities.

The Scientific and technological research sector includes initiatives that concern:
a) the purchase of equipment for diagnosing and preventing disease;
b) financing research projects of national standing;
c) providing fellowships to researchers of Modena university;
d) setting up Centres of Excellence co-funded by other bodies.

It should be pointed out that the Foundation’s grants do not refer only to research initiatives in the field of science, but to the juridical, economic and humanistic sectors too.

The Activities of considerable social value envisage:
a) initiatives targeted at disadvantaged groups (the elderly, juveniles and families suffering hardship, the physically and mentally disabled);
b) the building of sheltered facilities, residential and social centres;
c) renovating property for social use;
d) awareness campaigns and educational projects for young people;
e) the purchase of motor vehicles for emergency services;
f) projects for enhancing sport as an educational and non-competitive practice.

Aims and grant-making criteria

The Foundation’s sphere of action is mainly referred to the geographical area of the province of Modena. The general objectives are those of stimulating growth and welfare in the reference area. In contributing to improving the community’s conditions, the Foundation uses criteria of publicity and transparency. It operates respecting the principle of subsidiarity “through direct and indirect, tangible and intangible support initiatives, favouring joint planning of initiatives and the setting up of intersectorial initiatives”. Its activity may be linked to that of other organisations having similar aims, including through participation in regional, national and international institutions and coordinating bodies. According to its current statute, the Foundation “cannot undertake credit activities; likewise any form of funding, payment or of direct or indirect grant to “for profit” bodies or enterprises of any kind is excluded”.

Montecuccoli Palace
Main facade

Montecuccoli Palace
Interiors