Founded in 1991, Fondazione CRT is Italy’s third largest foundation of banking origin in terms of assets. It has granted a total of more than EUR 2 billion for over 41,000 projects in the fields of art, research, education, welfare, the environment and innovation in the North West in a national and international dimension.
The Foundation also experiments with interventions in the logic of venture philanthropy and impact investing, for social and environmental impact. One of the main examples at the European level is the urban regeneration of OGR Torino, the former Officine Grandi Riparazioni dei treni, redeveloped by Fondazione CRT and converted, with an investment of over EUR 100 million, into an innovative international centre for art and culture, scientific, technological and industrial research, and food.
Fondazione CRT is also active in the main international networks of philanthropy such as EVPA (European Venture Philanthropy Association) and Philea (Philanthropy Europe Association), which brings together more than 10,000 foundations and philanthropic bodies in Europe and the United States. It also collaborates with the United Nations and other organisations on a global scale, including Rockefeller Philanthropy Advisors, to strengthen the integration of the Sustainable Development Goals in its own interventions as well as in those of the other entities of the Fondazione CRT ‘galaxy’: Società Consortile per Azioni OGR-CRT, Scialuppa Onlus (set up in 1998 for the prevention of usury), Fondazione per l’Arte Moderna e Contemporanea, Fondazione Sviluppo e Crescita (for patient investments with a declared social impact), REAM SGR S.p.A. (a real estate asset management company with a social and development vocation), and Fondazione ULAOP Onlus for children.