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

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.