(Finance) – The Steering Committee of CR Florence Foundationmeeting this afternoon, under the chairmanship of Bernabò Bocca, unanimously approved the 2023 final budget, after having also acquired the favorable opinion from the Shareholders’ Meeting. The 2023 financial year closed with a surplus of 72 million euros, approximately 20.9 million euros more than last year (+41%) and income dividends that reached 84.8 million euros.
A result, explains a note, which allows the resources for institutional activity to be increased to 40 million euros, approximately 5 million
euros more than in 2023 and 2.5 million euros more than forecast plans.
The positive operating resultwe read further in the note, also allows us to set aside around 35 million euros intended both to safeguard and strengthen the Institute’s assets for future generations (for 26 million euros) and to consolidate the Fund for 10 million euros of Disbursements Stabilization (which now stands at 107 million), which protects the carrying out of the institutional activity of Fondazione CR Firenze, useful for covering approximately 3 years of disbursements in the area.
“2023 was not an easy year – he says Bernabò Bocca, President of the CR Firenze Foundation – considering the ongoing conflicts and ongoing social emergencies. Also for the economy which, although modest, recorded aggregate growth, both at a national and local level. In this context of lights and shadows, the Foundation has continued to provide extensive support and support to its community of reference thanks to results which, even in 2023, allow us to look with optimism to the support that the organization will be able to continue to provide. Both the substantial dividends received from strategic shareholdings, in particular from the transferee Intesa Sanpaolo – which I thank for being at our side also in numerous projects for the vision and valorisation of human capital – as well as the good performance of the financial markets which positively influenced the Foundation’s investments , have allowed the Foundation to score the best results since 2016 in 2023, up by approximately 20 million compared to the previous year. As I preside over my first budget of the Foundation, we now have another four intense years ahead of us which I am sure will leave another profound mark on the history of this Institution.”