Spectator on facebook

Spectator on facebook

FOCUS SHORT

Firm foundations and funds group

EIGHT large corporate foundations and funds have grouped within the Association of Corporate Foundations and Funds (ASFIN) with the goal of enabling member networking and to advocate the interests of the corporate foundations community. Martina Nehézová from ASFIN told the SITA newswire in mid July that the foundations decided to launch the association during the time when revenues from the so-called 2 percent assignation scheme of taxes paid by corporate entities have been falling.

EIGHT large corporate foundations and funds have grouped within the Association of Corporate Foundations and Funds (ASFIN) with the goal of enabling member networking and to advocate the interests of the corporate foundations community. Martina Nehézová from ASFIN told the SITA newswire in mid July that the foundations decided to launch the association during the time when revenues from the so-called 2 percent assignation scheme of taxes paid by corporate entities have been falling.

“We joined because we want to cooperate on cultivating the community of corporate foundations and jointly contribute to the further support of corporate philanthropy in Slovakia,” said Andrea Cocherová, from the Orange Foundation and the chairwoman of ASFIN, as cited by SITA.

In 2011 all corporate foundations divided among grants more than €12 million, i.e. 85 percent of their revenues. The 2-percent assignation scheme remains the main source of money raised by corporate foundations in Slovakia.

According to Nehézová, they see the need for more public supervision and transparency.

“We not only publish on the ASFIN website relevant data about the grant-related activities of our members, but the launch of the association is also another step for responding to these requirements,” Nehézová said.

ASFIN’s activities are sheltered by the Centre for Philanthropy with the Pontis Foundation.

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.