L’Assemblea delle Finalità
The Assemblea delle Finalità or Purpose Assembly, appoints members of the Board of Directors, approves the budget and ensures that decisions are effectively aligned with the Foundation's purpose.
GOVERNANCE
AND INSTITUTIONAL STRUCTURE
who governs the foundation
The bodies established in accordance with the rules set out in the Statute define their functions, responsibilities, and modes of operation, ensuring the proper governance of the Foundation and the pursuit of its institutional objectives.
How it is funded
Fondazione Capellino is financially independent, receiving annual dividends from Almo Nature, a pet food company for dogs and cats, which it owns 100%.
From 2025 onwards, other entities wholly or partly owned by the Foundation will also contribute smaller amounts to its funding.
This is the Reintegration Economy model.
The Bylaws stipulate that 75% of the income generated from the Foundation’s assets is allocated to the operating fund to pursue its mission, while the remaining 25% is allocated to the endowment fund to ensure long-term financial security for all projects.
Enterprise-Owning Foundations and Corporate Foundations
Fondazione Capellino stands out from other foundations because:
It is one of only five European enterprise-owning foundations that are both non-profit 100% owners of a company and .
Other types of foundations include:
-
Non-profit foundations that do not own 100% of a company, sharing ownership with private interests.
-
Non-profit foundations with various purposes, not owning enterprises, and funded through private or public donations.
-
For-profit enterprise-owning foundations, created to protect the controlled company from the uncertainties of succession.
-
Non-profit foundations created by companies that, instead of adopting a benefit corporation statute, set up a separate entity, known as corporate foundations, to carry out social responsibility tasks.
Fondazione Capellino has been recognized by the Italian Revenue Agency as a “non-profit commercial entity”: a holding foundation that is financially independent and exercises direction and coordination over its controlled company.
Asa result of this status, the Foundation is subject to the same taxes levied as other businesses in Italy, IRES and IRAP. The founders’ initial contributions were subject to gift tax, with no tax benefits granted.
Fondazione Capellino is an activist foundation which, with calm moderation, promotes both its mission and the Reintegration Economy at a cultural and political level.
Our internal
governance structure
Il Consiglio di Amministrazione
The Consiglio di Amministrazione or Board of Directors, serves the Foundation's purpose through oversight of the budget.
Il Comitato di Sorveglianza
The Comitato di Sorveglianza or Supervisory Committee, monitors compliance with the law, the budget, and the statute.
The Foundation's financial statements are currently audited by the legal auditing company EY SpA.
The Foundation is also subject to supervision by the relevant bodies of the Italian State.
Statute
The Statute
The statute is the fundamental document that defines the Foundation’s purposes, governance, including the powers of its bodies, the relationships of direction, control, and mutual oversight, and its operational structure.
During 2024, the Foundation revised the original Statute, which was initially drafted like a law firm, to reflect the needs identified through experience in its first years of activity. The new version of the tatute was approved on 2nd January 2025 by the Prefecture of Alessandria.
During 2024, the Foundation revised the original Statute, which was initially drafted like a law firm, to reflect the needs identified through experience in its first years of activity. The new version of the tatute was approved on 2nd January 2025 by the Prefecture of Alessandria.
