For Funding, Banca Intesa’s Donation Crowdfunding Platform, Raised €31M
For Funding, Intesa’s donation crowdfunding platform has raised €31 million in recent years for more than 300 projects. In addition, with the Formula program, Intesa Sanpaolo directly contributes to the crowdfunding of projects with a strong territorial connotation as they are directly selected by the bank’s regional directorates in the territory and supervised by the Cesvi Foundation.
For Funding, Intesa Sanpaolo’s donation crowdfunding platform has helped raise €31 million in recent years for more than 300 projects dedicated to young people, families, the elderly, community venues, suburban and sports field redevelopment projects as part of urban regeneration, and programs to prevent school dropout.
Read more about For Funding, and find the most important business headlines of the day with the born2invets mobile app.
For Funding’s donations crowdfunding
In addition, with the Formula program, Intesa Sanpaolo directly contributes to the crowdfunding of projects with a strong territorial connotation as they are directly selected by the bank’s regional directorates in the territory and supervised by the Cesvi Foundation.
“A satisfaction that exceeded any expectation came to us from For Funding, our crowdfunding platform where we host the projects of hundreds of influential nonprofit enterprises, and where our clients and anyone who wants to can donate to support them,” explained Andrea Lecce, head of the Intesa Sanpaolo Impact department.
“On the platform we host rigorously selected nonprofit organizations and allocate every euro donated to initiatives, taking on the extra costs. In 2020 we became the first Italian fundraising platform and since then we have continued to grow, both with projects to support local communities in our country and by intervening in major emergencies such as the pandemic and the humanitarian emergency in Ukraine. All this allows us to play an active role in reducing inequality and upholding the values of the common good, and thus give the most fragile a chance.”
The platform was created by FolkFunding, which still supports the project, as founder Angelo Rindone said: “An experience that we have been following since its inception and of which, as FolkFunding staff, we are particularly proud. It was not an easy bet given that other Italian corporate platforms have never managed to build a solid project with such an important track record.”
But Banca Intesa’s commitment to the third sector is much broader. In its Business Plan 2022-2025, the institution created the Impact Department, a structure headed since April 2022 by Andrea Lecce who inherited the reality of Banca Prossima, absorbed into Intesa Sanpaolo in 2019 and a banking institution entirely dedicated to the Third Sector.
The Fund for Impact
Thanks to the new social credit promoted by the Impact Department, Fund for Impact, credit inclusion initiatives characterized by low rates, long repayment periods, and no collateral required are supported, so they are capable of generating a concrete and measurable social impact.
The Fund makes it possible to provide credit with leverage of up to €1.5 billion. The primary beneficiaries of impact credit are college students (with the Merit line), working mothers (mom@work), families struggling with distance learning or otherwise engaged in their children’s study and growth paths (Crescere), unemployed people nearing retirement (Objective Retirement), caregivers caring for dependent family members (Cura) and civil service volunteers (Esempio).
(Featured image by marcellomigliosi1956 via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
UBS Bailout of Credit Suisse Leaves Markets in Doubt and Spanish Banking Sector Suffers Instability
Hours after the purchase of Credit Suisse by UBS was sealed, the company's CEO has called for calm in the...
Grünhorn Becomes Sponsor of the Leipzig Kings
Grünhorn has been selling CBD oils for humans or pets, as well as skin care products and medical accessories, in...
Climate Finance: The NGO Wep-Burkina Trains about 30 Women
The coordinator of the NGO Wep-Burkina, Marie-Pierre Zoungrana, recalled that the objective of this workshop is to contribute to a...
Volatility in the Stock Markets Is Never a Good Sign
All the turmoil surrounding the collapse of SVB and Signature plus bail-outs of Credit Suisse and First Republic resulted in...
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Week 11]
Picking up where Trump left off, Biden has just put the TikTok ban back on the table. Now the question...
Featured2 weeks ago
What Are the Sources of Inflation in the U.S.
Crypto5 days ago
Bitcoin (BTC) Pumps and Benefits from Macroeconomic Trends
Biotech2 weeks ago
Nexkin Medical Advances in Allergology and Prepares its Commercial Jump to Europe
Featured8 hours ago
Volatility in the Stock Markets Is Never a Good Sign