Banking foundation
Fondazione Cassa di Risparmio della Marca Trivigiana or Cassamarca Foundation, is a banking foundation which succeed the bank as a charity organization. As of 31 December 2016, the foundation had an equity of €494 million. It also owned 0.23% shares of UniCredit, or 13,963,410 number of shares[33] before 2017 reverse stock split of the bank.[34] The foundation did not write-down the value of the shares of UniCredit,[33] but other foundation did, such as Fondazione CRTrieste,[35] to reflect the market value of the shares. The net loss of the foundation, was also questioned by the Ministry of Economy and Finance.[36]
Dino De Poli was the chairman of the two management boards of the foundation: Consiglio di Indirizzo e di Programmazione[33][37] and Consiglio di Attuazione e Amministrazione.[33][38] His term was most recently confirmed in 2016, until 2018 and 2020 respectively.[37]
It was reported that De Poli received €10 million as wage from 1992 to 2017 from the foundation.[39] As part of a reform led by Associazione di Fondazioni e di Casse di Risparmio S.p.A. (ACRI) and the Ministry of Economy and Finance, a new articles of association of the organization was approved in 2016.[40] Some of the member of the Consiglio di Indirizzo e di Programmazione would be elected by the mayor and university professor from Treviso area,[40] which the foundation was obligated to support the area around Treviso. In December 2016, professor Ulderico Bernardi was confirmed as the vice-chairman of the aforementioned board.[37] Some member were also professor, such as Luca Antonini and Ferruccio Bresolin. Local politicians, Giovanni Squizzato and Ubaldo Fanton were also the members of that board.[37]
The foundation is one of the 86 member banking foundations of the ACRI.[41]
In the past, the foundation also purchased former San Leonardo Hospital, Treviso and the adjacent barrack, as a campus for Ca' Foscari University of Venice and the University of Padua.[42][43] Ca' Foscari and the foundation also had a dispute on the payment of the salary of the staff of the Treviso campus, which the campus was supported by the foundation.[44] The foundation also established the Australasian Centre for Italian Studies (ACIS) with the University of Western Australia in 2002.[45]
The foundation also signed a financial deal with Société Générale in order to subscribe the capital increase of UniCredit in 2012, in order to prevent the dilution of the ownership ratio of the foundation over the bank.[46]
Subsidiaries
- Appiani 1: SPV for Area Appiani project
- Teatri e Umanesimo Latino: SPV for Palazzo Bortolan
Properties
- Casa Brittoni
- Ca' dei Carraresi
- Ca' Spineda
- former Monte di Pietà di Treviso headquarters – re-acquired from UniCredit in 2004[47]
Arts collection
located in the headquarters of the former mount of piety
