Fondazione Cassa Di Risparmio Di Firenze
Public records raise at least one point you should look into before giving.
What it says it does
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.
- Income
- $154.7 million
- Spending
- $154.7 million
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $265,283, general manager
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (5)
- $46.1 million spent. Youth 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. (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. (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.
- $45.9 million spent. Art 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.
- $35.8 million spent. Charity 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. (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. (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.
- $20.2 million spent. 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.
- $6.6 million spent. 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(4) social welfare organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(4) social welfare organization as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.