|Investment per area||0%||25%||50%||75%||100%|
Through the Amancio Ortega Foundation’s self-managed projects, the activities are aimed at more than ten thousand direct users:
The Amancio Ortega Foundation’s activities in the field of social work are carried out through collaboration programs with other flagship social assistance institutions (both public and private).
Through these collaboration, the actions of the Amancio Ortega Foundation benefit nearly five hundred thousand direct users from the different institutions:
|Social investment in own projects and financing to other institutions||245.0||372.9|
|Social investment per area (in millions of euros)||0||50||100||150||200||250||300||350|
|Educational area (2015-2019)|
|Educational area (2020-2024)|
|Social area (2015-2019)|
|Social area (2020-2024)|
|Type of income||0||25%||50%||75%||100%|
|Founder contributions (2019)|
|Financial revenues (2019)|
|Founder contributions (2015-2019)|
|Financial revenues (2015-2019)|
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.
The methodology used by the Amancio Ortega Foundation 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 the Amancio Ortega Foundation, which is established in: