Annual report 2004 - Compagnia di San Paolo

Institutional activities in 2004
2004 in brief
2004 in brief 1
In 2004 the Compagnia di San Paolo awarded grants of € 119 million for 721 initiatives
in its institutional activity sectors: research, education, art, cultural heritage and activities, health, and
assistance to socially deprived categories.
The breakdown per institutional sector of the grants awarded in 2004 is as follows:
Sector grants % amount %
Scientific, economic
and juridical research 123 17.1 25,000,000 21.0
Education 77 10.7 17,500,000 14.7
Art 109 15.1 25,000,000 21.0
Cultural heritage and activities 215 29.8 12,500,000 10.5
Health 41 5.7 15,000,000 12.6
Assistance to socially deprived categories 156 21.6 24,000,000 20.2
Total 721 100.0 119,000,000 100.0
Breakdown per number of grants
Assistance to socially
deprived categories
21.6%
Scientific, economic
and juridical research
17.1%
Health
5.7%
Cultural heritage
and activities
29.8%
Education
10.7%
Art
15.1%
15
The resources initially earmarked in the 2004 budget amounted to € 108.5 million, equivalent to the
amount for institutional activities for 2003 (for a total of 685 initiatives). During the financial year
additional resources were made available of € 10.5 million, which brought to € 119 million the total
for 2004, with an increase of 9.7% over 2003.
The amount of 6.2 million was added to the allocation for 2003 apportioned for the “Special reserves
for voluntary services” on the basis of the provisions of Law 266/91, to which a prudent provision of
an equivalent amount was added. Resources apportioned between the “Special reserves” for 2004
amounted to 12.6 million euros.
1
The currency used in this Reports is Euro