Fondazione Cassa Di Risparmio Di Firenze is a 501(c)(4) organization, registered in 2025, with $154,661,493 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Revenue (FY2024)
$154.7M
Philanthropy median: $168K
Expenses (FY2024)
$154.7M
Net assets
$1.8B
Employees
0
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Fondazione Cassa Di Risparmio Di Firenze: 100% to programs earns a A+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Fondazione Cassa Di Risparmio Di Firenze: 142 mo reserves · +0% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Fondazione Cassa Di Risparmio Di Firenze: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Fondazione Cassa Di Risparmio Di Firenze: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
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.
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.
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.
Financial snapshot
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.1B
Total liabilities
$302.4M
Net assets
$1.8B
Salaries & benefits
$3.4M
2% of expenses
Board members
12
9 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $154,661,493 | $154,661,493 | $1,833,016,036 | $2,135,444,437 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Gabriele Gori — $232,364 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gabriele Gori | General Manager | 40 | $232,364 |
| Bernab Bocca | President/chairman | 40 | $121,688 |
| Carmine Grimaldi | Head of Finance | 40 | $98,530 |
| Maria Oliva Scaramuzzi | Vp/vice Chairman | 40 | $72,228 |
| Carlo Vellutini | Member of the Board | 40 | $23,357 |
| Giovanni Busi | Member of the Board | 40 | $23,357 |
| Marco Carini | Member of the Board | 40 | $23,357 |
| Micaela Le Divelec Lemmi | Member of the Board | 40 | $23,357 |
| Sandro Rogari | Member of the Board | 40 | $23,357 |
| Vittoria Barsotti | Member of the Board | 40 | $23,357 |
| Zaira Conti | Member of the Board | 40 | $23,357 |
| Albiera Antinori | Member of the Board | 40 | $23,045 |
| Giampaolo Donzelli | Member of the Board | 40 | $22,733 |
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Data for Fondazione Cassa Di Risparmio Di Firenze (EIN 98-1753711) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.