Civic Intelligence

Fondazione Cassa DI Risparmio DI Firenze

EIN 98-1753711 • 501(c)4 • Firenze, IT

Profile

Foundazione Cassa di Risparmio di Firenze grants funds to support five main sectors: a) conservation of art and cultural heritage, b) youth education and social inclusion, c) scientific research and innovation, d) environmental protection, and e) charity and philanthropy including support to non-profit organizations that promote culture and assist the most vulnerable.

Via Maurizio Bufalini N 6Firenze 50122It

fondazionecrfirenze.it

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

30th percentile

0.14x

Higher debt load relative to assets than 30% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

1.96x

Higher debt load relative to revenue than 72% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Net Margin

21st percentile

0.0%

Higher net margin than 21% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Top Officer Pay

9th percentile

$265,283

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

$1B+ nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

$2,135,444,437

No earlier filing loaded for comparison.

Liabilities

$302,428,401

No earlier filing loaded for comparison.

Net Assets

$1,833,016,036

No earlier filing loaded for comparison.

Revenue

$154,661,493

No earlier filing loaded for comparison.

Expenses

$154,661,493

No earlier filing loaded for comparison.

Net Income

$0

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0B$2.0B$1.0B$0Assets 2024: $2,135,444,437Liabilities 2024: $302,428,401Net Assets 2024: $1,833,016,0362024

Highlighted filing

2024

Assets$2,135,444,437
Liabilities$302,428,401
Net Assets$1,833,016,036

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0Revenue 2024: $154,661,493Expenses 2024: $154,661,493Net Income 2024: $02024

Highlighted filing

2024

Revenue$154,661,493
Expenses$154,661,493
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2,135$302$1,833$155$155$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
May 1, 2024 to Dec 31, 2024
Signed
Nov 26, 2025
Return Version
2024v5.1
Gross Receipts
$154,661,493
Mission and Program Overview

Mission

Foundazione Cassa di Risparmio di Firenze grants funds to support five main sectors: a) conservation of art and cultural heritage, b) youth education and social inclusion, c) scientific research and innovation, d) environmental protection, and e) charity and philanthropy including support to non-profit organizations that promote culture and assist the most vulnerable.

Foundazione Cassa di Risparmio di Firenze grants funds to support five main sectors: a) conservation of art and cultural heritage, b) youth education and social inclusion, c) scientific research and innovation, d) environmental protection, and e) charity and philanthropy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,798,717,378$1,833,016,036▲ $34,298,658
Investments Other Securities$1,077,185,466$1,121,574,764▲ $44,389,298
Investments in Publicly Traded Securities$701,394,549$704,723,932▲ $3,329,383
Land, Buildings, and Equipment, Net$176,019,071$171,823,056▼ $4,196,015
Other Notes and Loans Receivable, Net$23,003,025$70,442,037▲ $47,439,012
Cash and Non-Interest-Bearing Accounts$35,409,347$45,680,253▲ $10,270,906
Accounts Receivable$21,315,972$20,080,376▼ $1,235,596
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$2,034,915,404$2,135,444,437▲ $100,529,033
Other Assets Total$587,974$1,120,019▲ $532,045
Liabilities
Grants Payable$212,083,760$265,022,936▲ $52,939,176
Other Liabilities$12,199,994$18,882,747▲ $6,682,753
Accounts Payable and Accrued Expenses$11,914,272$18,522,718▲ $6,608,446
Total Liabilities$236,198,026$302,428,401▲ $66,230,375
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,798,717,378$1,833,016,036▲ $34,298,658
Total Liabilities and Net Assets / Fund Balance$2,034,915,404$2,135,444,437▲ $100,529,033

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$97,152,904$34,534,046-
Other Land Buildings$38,656,670--
Land$34,534,046--
Equipment$1,479,436--
Other Securities$1,029,203,119--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gabriele GoriGeneral ManagerFT$190,297$74,986$265,283
Bernab BoccaPresident/ChairmanFT$121,688-$121,688
Carmine GrimaldiHead of FinanceFT$98,530$12,475$111,005
Maria Oliva ScaramuzziVP/Vice ChairmanFT$72,228-$72,228
Carlo VellutiniMember of the BoardFT$23,357-$23,357
Giovanni BusiMember of the BoardFT$23,357-$23,357
Marco CariniMember of the BoardFT$23,357-$23,357
Micaela Le Divelec LemmiMember of the BoardFT$23,357-$23,357
Sandro RogariMember of the BoardFT$23,357-$23,357
Vittoria BarsottiMember of the BoardFT$23,357-$23,357
Zaira ContiMember of the BoardFT$23,357-$23,357
Albiera AntinoriMember of the BoardFT$23,045-$23,045
Giampaolo DonzelliMember of the BoardFT$22,733-$22,733
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$147,869,389
Other Revenue
$6,792,104
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$81,813,427
Other Expenses$69,412,845
Salaries, Compensation, and Employee Benefits$3,435,221
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$81,813,427--$81,813,427
Fees for Services Legal$36,140,583--$36,140,583
Depreciation Depletion$4,824,801--$4,824,801
Occupancy$2,582,627--$2,582,627
Other Salaries and Wages$2,573,486--$2,573,486
Current Officers, Directors, Trustees, and Key Employees$861,735--$861,735
Fees for Services Other$811,810$0$0$811,810
Fees for Service Investment Mgmnt Fees$613,668--$613,668
Other Expenses$84,414--$84,414
Interest$3,082--$3,082
Total Functional Expenses$154,661,493$0$0$154,661,493
International Activity

International Summary

Offices
1
Employees
40
Spending
$10,828,988

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (Including Iceland and Greenland)GrantmakingThe activity of the Foundation is carried out in five areas of intervention, selected by the Board, in accordance with the outline of the multiannual plan: art and cultural heritage, scientific and technological research, environmental protection and quality, education and scholarship, volunteering, philanthropy, and charity. The Foundation carries out its institutional activity through the following lines of action: payments to instrumental entities, grants to institutional entities, requests from third parties, call for proposals (thematic and/or territorial), direct projects, and strategic projects.140$10,828,988
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$18,251,069
Reserve for Severance Indemnities$474,967
Allowances for Risks and Charge$156,711
Deferrals-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

The Foundation has only one class of members. Members have advisory privileges, but no voting rights or economic interest in the Foundation. Members must be Italian citizens resident or domiciled in Florence and in Tuscany, or any foreigners who have been associated with the Tuscan society for a long time.

Form 990, Part VI, Line 11B Review of form 990 by governing body

No review will be conducted.

Form 990, Part VI, Line 19 Required documents available to the public

The organization makes its governing documents and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Fondazione Cassa Di Risparmio Di Firenze
EIN
98-1753711
Phone
3905553845
Address
IT

Signing Officer

Name
Bernab Bocca
Title
President
Signed
2025-11-26
Discuss with paid preparer
Yes

Organization Details

Formed
1992
Voting Board Members
12
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
1101 NEW YORK AVENUE NW, Washington, DC 20005
Preparer
Amber N Doane
Phone
2023276000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A-4C Description of program services

(Expenses $ 20,183,325 including grants of $ 10,676,652)(Revenue $ 886,370) SCIENTIFIC RESEARCH AND TECHNOLOGY: THE FOUNDATION SUPPORTS MANY RESEARCH GROUPS, SUCH AS FLORENCE UNIVERSITY. IT FOCUSES ON YOUNG PEOPLE WHO ARE OFTEN FORCED TO LEAVE ITALY TO PURSURE THEIR RESEARCH, BY MAKING ROUGHLY 150 POSTGRADUATE STUDY GRANTS FOR STUDENTS SUFFERING FROM FINANCIAL HARDSHIP. THE FOUNDATION EARMARKS ROUGHLY 1 MILLION EURO FOR MAJOR RESEARCH EQUIPMENT EACH YEAR. IN THE DIGITAL FIELD, IT BACKS NUMEROUS PROJECTS IN SUPPORT OF FLORENCE'S INNOVATION ECOSYSTEM. MANY INNOVATIVE START-UPS HAVE BEEN CREATED WITH OVER 10 MILLION EURO INVESTED IN THE REGION, AND WITH CREATION OF 200 JOBS. IT HAS ESTABLISHED AN INNOVATION CENTER TO TRAIN YOUNG PEOPLE THROUGH START-UP ACCELERATION PROGRAMS. OVER 400 YOUNG PEOPLE ARE INVOLVED IN THE CENTER'S INNOVATIVE START-UPS, IN A MODERN CO-WORKING ENVIRONMENT WHOSE MEETING SPACES ARE ALSO ACCESSIBLE TO THE PUBLIC. THE FOUNDATION SPENDS APPROXIMATELY 13.05 PERCENT OF ITS TIME IN THIS SECTOR.

Form 990, Part III, Line 4A-4C Description of program services

(Expenses $ 6,588,579 including grants of $ 3,485,252)(Revenue $ 289,344) ENVIRONMENT PROTECTION AND QUALITY: THE FOUNDATION SUPPORTS THE ENVIRONMENT AND COLLABORATES IN RESEARCH OF FOREST MANAGEMENT AND AGRICULTURAL PRACTICE TO ENABLE US TO PROTECT GREEN SPACES AND WORK FOR A SUSTAINABLE FUTURE. THE FOUNDATION ALSO PROMOTES EXHIBITIONS AND PROJECTS ON ENVIRONMENTAL SUSTAINABILITY AT THE VILLA BARDINE, A SYMBOL OF FLORENCE AND A FAVORITE DESTINATION FOR VISITORS THANKS TO ITS BREATHTAKING VIEWS OF THE CITY. THE FOUNDATION SPENDS APPROXIMATELY 4.26 PERCENT OF ITS TIME IN THIS SECTOR.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

FOREIGN CURRENCY ADJUSTMENT - 34298658; Total - 34298658;

Heading - Box E Telephone Number

Due to character limitations on the electronic filing software, the full phone number would not print. This number is also the number for part vi, line 20, to reach the individual of whom the books are in care. The phone number is as follows: +39 055 53 84 579

Raw XML AppendixShowing 400 of 1,539 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt011914272
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt018522718
IRS990/AccountsReceivableGrp/BOYAmt021315972
IRS990/AccountsReceivableGrp/EOYAmt020080376
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Foundazione Cassa di Risparmio di Firenze grants funds to support five main sectors: a) conservation of art and cultural heritage, b) youth education and social inclusion, c) scientific research and innovation, d) environmental protection, and e) charity and philanthropy.
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ALESSANDRA FRANCHI
IRS990/BooksInCareOfDetail/ForeignAddress/AddressLine1Txt0VIA MAURIZIO BUFALINI N 6
IRS990/BooksInCareOfDetail/ForeignAddress/CityNm0FIRENZE
IRS990/BooksInCareOfDetail/ForeignAddress/CountryCd0IT
IRS990/BooksInCareOfDetail/ForeignAddress/ForeignPostalCd050122
IRS990/BooksInCareOfDetail/ForeignAddress/ProvinceOrStateNm0FIRENZE
IRS990/BooksInCareOfDetail/PhoneNum00555384579
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt035409347
IRS990/CashNonInterestBearingGrp/EOYAmt045680253
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0861735
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0861735
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt081813427
IRS990/CYInvestmentIncomeAmt0147869389
IRS990/CYOtherExpensesAmt069412845
IRS990/CYOtherRevenueAmt06792104
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt03435221
IRS990/CYTotalExpensesAmt0154661493
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0154661493
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04824801
IRS990/DepreciationDepletionGrp/TotalAmt04824801
IRS990/Desc0Youth Education and Social Inclusion: The Foundation provides grants to enhance the welfare and education of children. For instance, it funds bursaries and ongoing mentoring and support programs for university students. It also funds projects to enhance children's learning and development, focusing on low-income families. The Foundation spends approximately 29.82 percent of its time in this sector.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExpenseAmt046120057
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt036140583
IRS990/FeesForServicesLegalGrp/TotalAmt036140583
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0811810
IRS990/FeesForServicesOtherGrp/TotalAmt0811810
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt0613668
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0613668
IRS990/ForeignActivitiesInd0true
IRS990/ForeignAddress/AddressLine1Txt0VIA MAURIZIO BUFALINI N 6
IRS990/ForeignAddress/CityNm0FIRENZE
IRS990/ForeignAddress/CountryCd0IT
IRS990/ForeignAddress/ForeignPostalCd050122
IRS990/ForeignCountryCd0IT
IRS990/ForeignFinancialAccountInd0true
IRS990/ForeignGrantsGrp/ProgramServicesAmt081813427
IRS990/ForeignGrantsGrp/TotalAmt081813427
IRS990/ForeignOfficeInd0true
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt340.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt440.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.0
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt132919
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1212475
IRS990/Form990PartVIISectionAGrp/PersonNm0Bernab Bocca
IRS990/Form990PartVIISectionAGrp/PersonNm1Gabriele Gori
IRS990/Form990PartVIISectionAGrp/PersonNm2Maria Oliva Scaramuzzi
IRS990/Form990PartVIISectionAGrp/PersonNm3Albiera Antinori
IRS990/Form990PartVIISectionAGrp/PersonNm4Carlo Vellutini
IRS990/Form990PartVIISectionAGrp/PersonNm5Giampaolo Donzelli
IRS990/Form990PartVIISectionAGrp/PersonNm6Giovanni Busi
IRS990/Form990PartVIISectionAGrp/PersonNm7Marco Carini
IRS990/Form990PartVIISectionAGrp/PersonNm8Micaela Le Divelec Lemmi
IRS990/Form990PartVIISectionAGrp/PersonNm9Sandro Rogari
IRS990/Form990PartVIISectionAGrp/PersonNm10Vittoria Barsotti
IRS990/Form990PartVIISectionAGrp/PersonNm11Zaira Conti
IRS990/Form990PartVIISectionAGrp/PersonNm12Carmine Grimaldi
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0121688
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1232364
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt272228
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt323045
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt423357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt522733
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt623357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt723357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt823357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt923357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1023357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1123357
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1298530
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1General Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP/Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt9Member of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt10Member of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt11Member of the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt12Head of Finance
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr01992
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt02504462
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt024396764
IRS990/GrantsPayableGrp/BOYAmt0212083760
IRS990/GrantsPayableGrp/EOYAmt0265022936
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02504462
IRS990/GrossReceiptsAmt0154661493
IRS990/GrossRentsGrp/RealAmt02089655
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InitialReturnInd0X
IRS990/InterestGrp/ProgramServicesAmt03082
IRS990/InterestGrp/TotalAmt03082
IRS990/InvestmentIncomeGrp/ExclusionAmt0145186664
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0145364927
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0178263
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01077185466
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01121574764
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0701394549
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0704723932
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt034534046
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0176019071
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0171823056
IRS990/LandBldgEquipCostOrOtherBssAmt0206357102
IRS990/LegalDomicileCountryCd0IT
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0Foundazione Cassa di Risparmio di Firenze grants funds to support five main sectors: a) conservation of art and cultural heritage, b) youth education and social inclusion, c) scientific research and innovation, d) environmental protection, and e) charity and philanthropy including support to non-profit organizations that promote culture and assist the most vulnerable.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt01798717378
IRS990/NetAssetsOrFundBalancesEOYAmt01833016036
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt02504462
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02504462
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt02089655
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt02089655
IRS990/NetUnrelatedBusTxblIncmAmt075863
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt02582627
IRS990/OccupancyGrp/TotalAmt02582627
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0587974
IRS990/OtherAssetsTotalGrp/EOYAmt01120019
IRS990/OtherChangesInNetAssetsAmt034298658
IRS990/OtherExpensesGrp/Desc0Taxes Paid
IRS990/OtherExpensesGrp/Desc1RISK FUND PROVISION
IRS990/OtherExpensesGrp/Desc2EXTRAORDINARY COSTS
IRS990/OtherExpensesGrp/ProgramServicesAmt020196260
IRS990/OtherExpensesGrp/ProgramServicesAmt14155600
IRS990/OtherExpensesGrp/ProgramServicesAmt284414
IRS990/OtherExpensesGrp/TotalAmt020196260
IRS990/OtherExpensesGrp/TotalAmt14155600
IRS990/OtherExpensesGrp/TotalAmt284414
IRS990/OtherLiabilitiesGrp/BOYAmt012199994
IRS990/OtherLiabilitiesGrp/EOYAmt018882747
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0TAX BENEFIT FOR GRANTS TO ARTISTIC HERITAGE
IRS990/OtherRevenueMiscGrp/Desc1POSITIVE CONTINGENCIES FROM PRIOR YEAR
IRS990/OtherRevenueMiscGrp/Desc2INSURANCE COMPENSATION
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04083000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1477889
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2141560
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04083000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1477889
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2141560
IRS990/OtherRevenueTotalAmt04702449
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02573486
IRS990/OtherSalariesAndWagesGrp/TotalAmt02573486
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt023003025
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt070442037
IRS990/PartialLiquidationInd0false
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Art and Cultural Heritage: The foundation operates in this sector to preserve and enhance the city's vast artistic and cultural heritage, especially among young people and more fragile members of the community, with dedicated projects and support for professionals in the region. It fuels the city's vibrant network of theatres, museums, dance companies, performance associations and other cultural institutions. The Foundation funded over 60 theatres in Tuscany, all of which could not survive solely on their own resources. With its cultural welfare projects, the Foundation has helped deprived families, senior citizens living alone and children in fragile conditions to visit Florence's most important museums. The Foundation also focuses on regenerating abandoned areas and suburbs by stimulating and supporting cultural projects. The Foundation also works with Florence's leading cultural institution, Uffizi, with which it promotes the Lands of the Uffizi project by returning masterpieces of art to the small towns and villages with which they are historically linked, thereby preserving important art treasures. The Foundation spends approximately 29.71 percent of its time in this sector.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt045949930
IRS990/ProgSrvcAccomActy2Grp/GrantAmt024306769
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02017934
IRS990/ProgSrvcAccomActy3Grp/Desc0Charity and Philanthropy: Small charity associations in Florence, or Misericordia, assist families with disabled, autistic, and Down Syndrome children, while others provide palliative care and help the aged living alone or victims of gender violence. The Foundation stands by their side, supporting innovation in the charity field by organizing encounters with young professionals capable of creating or improving services through digitalization and use of new technologies. The Foundation spends approximately 23.16 percent of its time in this sector.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt035819602
IRS990/ProgSrvcAccomActy3Grp/GrantAmt018947990
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01573051
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCIENTIFIC RESEARCH AND TECHNOLOGY: THE FOUNDATION SUPPORTS MANY RESEARCH GROUPS, SUCH AS FLORENCE UNIVERSITY. IT FOCUSES ON YOUNG PEOPLE WHO ARE OFTEN FORCED TO LEAVE ITALY TO PURSURE THEIR RESEARCH, BY MAKING ROUGHLY 150 POSTGRADUATE STUDY GRANTS FOR STUDENTS SUFFERING FROM FINANCIAL HARDSHIP. THE FOUNDATION EARMARKS ROUGHLY 1 MILLION EURO FOR MAJOR RESEARCH EQUIPMENT EACH YEAR. IN THE DIGITAL FIELD, IT BACKS NUMEROUS PROJECTS IN SUPPORT OF FLORENCE'S INNOVATION ECOSYSTEM. MANY INNOVATIVE START-UPS HAVE BEEN CREATED WITH OVER 10 MILLION EURO INVESTED IN THE REGION, AND WITH CREATION OF 200 JOBS. IT HAS ESTABLISHED AN INNOVATION CENTER TO TRAIN YOUNG PEOPLE THROUGH START-UP ACCELERATION PROGRAMS. OVER 400 YOUNG PEOPLE ARE INVOLVED IN THE CENTER'S INNOVATIVE START-UPS, IN A MODERN CO-WORKING ENVIRONMENT WHOSE MEETING SPACES ARE ALSO ACCESSIBLE TO THE PUBLIC. THE FOUNDATION SPENDS APPROXIMATELY 13.05 PERCENT OF ITS TIME IN THIS SECTOR.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1ENVIRONMENT PROTECTION AND QUALITY: THE FOUNDATION SUPPORTS THE ENVIRONMENT AND COLLABORATES IN RESEARCH OF FOREST MANAGEMENT AND AGRICULTURAL PRACTICE TO ENABLE US TO PROTECT GREEN SPACES AND WORK FOR A SUSTAINABLE FUTURE. THE FOUNDATION ALSO PROMOTES EXHIBITIONS AND PROJECTS ON ENVIRONMENTAL SUSTAINABILITY AT THE VILLA BARDINE, A SYMBOL OF FLORENCE AND A FAVORITE DESTINATION FOR VISITORS THANKS TO ITS BREATHTAKING VIEWS OF THE CITY. THE FOUNDATION SPENDS APPROXIMATELY 4.26 PERCENT OF ITS TIME IN THIS SECTOR.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt020183325
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt16588579
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt010676652
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt13485252
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0886370
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt1289344
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYTotalRevenueAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt02089655
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02025405
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01798717378
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01833016036
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt097152904
IRS990ScheduleD/BuildingsGrp/DepreciationAmt034534046
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0131686950
IRS990ScheduleD/EquipmentGrp/BookValueAmt01479436
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt01479436
IRS990ScheduleD/LandGrp/BookValueAmt034534046
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt034534046
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt038656670
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt038656670
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt018251069
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1156711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2474967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Income Taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ALLOWANCES FOR RISKS AND CHARGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2RESERVE FOR SEVERANCE INDEMNITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRALS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt087747442
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt14530702
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt293501
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31029203119
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Closely-held equity interests
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Financial derivatives
IRS990ScheduleD/OtherSecuritiesGrp/Desc2FINANCIAL MANDATES
IRS990ScheduleD/OtherSecuritiesGrp/Desc3MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc4UNLISTED MANDATES
IRS990ScheduleD/OtherSecuritiesGrp/Desc5OTHER SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0171823056
IRS990ScheduleD/TotalBookValueSecuritiesAmt01121574764
IRS990ScheduleD/TotalLiabilityAmt018882747
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt040
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt010828988
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe (Including Iceland and Greenland)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0The activity of the Foundation is carried out in five areas of intervention, selected by the Board, in accordance with the outline of the multiannual plan: art and cultural heritage, scientific and technological research, environmental protection and quality, education and scholarship, volunteering, philanthropy, and charity. The Foundation carries out its institutional activity through the following lines of action: payments to instrumental entities, grants to institutional entities, requests from third parties, call for proposals (thematic and/or territorial), direct projects, and strategic projects.
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd0true
IRS990ScheduleF/ForeignPartnershipInd0true
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt010389
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt118700
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt210389
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt311428
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt411428
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt510389
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt67272
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt710389
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt815584
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt925973
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1012467
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt116233
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1218700
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1315584
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1410389
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt158311
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1616622
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1710389
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1810389
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt199350
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt2010389

Document Assets

No mirrored PDF or thumbnail assets are attached yet.