|Investment per area||0%||25%||50%||75%||100%|
|Health care area|
The Foundation's most important initiative in the field of education is the Scholarship Programme, which gives Spanish secondary school students the opportunity to spend an academic year in schools in the United States and Canada, living with local families.
The Foundation works with public administrations and third sector organisations to strengthen social welfare infrastructures and services. The main programme underway will make it possible to open seven Comprehensive Care Centres for the Elderly in Galicia. Their construction, outfitting and donation to the public network will result in the creation of 900 new high-quality residential spaces.
Since 2015, the Foundation has been working with the national public health system to modernise the technological equipment used to detect cancer and treat it with radiotherapy, which has resulted in the incorporation of 450 new units in public hospitals throughout Spain.
In October 2021, Fundación Amancio Ortega signed an Agreement with the Spanish government and several autonomous communities to incorporate proton radiotherapy equipment in the public health system.
|Social investment in own projects and financing to other institutions||423.0||448.4|
|Health care area||310.3||311|
The social investment committed figure for the period 2021-2025 includes the donation arranged with the Spanish government for the implementation of proton therapy in the Spanish public health system
|Social investment per area||0||25%||50%||75%||100%|
|Educational area (2017-2021)|
|Educational area (2022-2026)|
|Social area (2017-2021)|
|Social area (2022-2026)|
|Health care area(2017-2021)|
|Health care area(2022-2026)|
|Type of income||0||25%||50%||75%||100%|
|Founder contributions (2021)|
|Financial revenues (2021)|
|Founder contributions (2017-2021)|
|Financial revenues (2017-2021)|
Dated June 12th, 2012 the Foundation’s Board of Trustees passed the amendment of the Foundation’s Financial Investment Code of Conduct, in force since June 30th, 2004. Such code governs the investment criteria and the maximum investment limits allowed, as well as the types of products and currencies allowed in such investments.
The Foundation’s financial risk management is centralized in one member of the Board of Trustees who is responsible for the Foundation’s financial investments. Such member is appointed for a three-year period, and among his duties is to supervise and select the investments as well as to observe the proper compliance with the Code of Conduct.
Generally, the Foundation maintains its cash flow and liquid assets equivalent, as well as its long-term and short-term financial investments in high credit rating financial institutions.
The Code of Conduct sets limits regarding credit risk rating, limiting investments to those with issuers belonging to O.E.C.D. countries and with a credit risk rating never lower than a a BBB- or Baa3, except for those issued by the Spanish State, which can be hired in any case.
In order to guarantee liquidity and to meet all the payment commitments derived from its activity, the Foundation keeps at all times a liquidity ratio of an amount equivalent to 0.5% of the total of all financial investments.
The Code of Conduct determines that all the financial products hired by the Foundation must be denominated in euros.
The income earned originated from financial instruments belonging to the Foundation, among which the fixed-term deposits particularly stand out, generate less than 10% of the income.
Relative weight based on type of financial asset
The methodology used by Fundación Amancio Ortega to present the information about its activities guarantees that the data presented is truthful and contains information which is updated and complete. Such methodology is based on the following basic principles:
Such information is prepared in compliance with the financial information legal framework applicable to Fundación Amancio Ortega, which is established in: