
Fondazione Carige has been in the news for its involvement in some controversies. The foundation has been accused of mismanaging funds and making questionable investments.
One of the main controversies surrounding Fondazione Carige is its alleged involvement in a major financial scandal. The foundation was accused of hiding losses and making false statements to investors.
The accusations against Fondazione Carige have sparked a heated debate about the foundation's accountability and transparency. Many have questioned the foundation's ability to manage its funds effectively.
The Italian financial regulator, Consob, has been investigating Fondazione Carige for several years.
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Finanziamento e Contributi
Fondazione Carige offers a maximum contribution of 25,000 Euros per approved initiative.
The requested contribution cannot exceed 85% of the project's total costs, or the proposal will be deemed inadmissible.
You'll need to cover the remaining 15% with your own resources, public or private funding, donations, or contributions from partners or third parties.
This can include in-kind donations, such as staff, volunteers, or the use of facilities, as well as the valorization of related costs.
Controversies and Accusations
The former president of Fondazione Carige, Repetto, is accused of managing the foundation in an autocratic manner during the period in question.
The accusations against Repetto and the former secretary general, Bosio, include making investment decisions without proper discussion or transparency, and presenting operations in a way that lacked clear explanations of the risks involved.
The former president and secretary general are also accused of failing to provide adequate documentation and benchmarking for investment decisions, and of using formal but implausible justifications for their actions.
The three former mayors who served on the board are accused of "culpa in vigilando", or negligence in their oversight responsibilities.
The specific acts under scrutiny include the 2010 issuance of a convertible bond by Banca Carige, the 2011 conversion of savings shares to ordinary shares, and the 2012 acquisition of Banca Carige shares.
Irregularities in the foundation's spending practices, particularly with regard to representation expenses and reimbursement of expenses, are also being investigated.
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Le Accuse

The accusations against Fondazione Carige and its leaders are quite serious. They claim that the foundation was managed in an autocratic way by the former president Repetto, who made decisions without consulting others.
One of the main issues is that the decisions were presented in a way that didn't allow for any discussion or consideration of alternative options. The accusations also state that the necessary documentation wasn't provided to make informed decisions.
The accusations against the three sindaci, or mayors, are also notable. They're being held responsible for not doing their job properly, or "culpa in vigilando".
Gli Atti nel Mirino
The acts under scrutiny include the sottoscrizione and acquisto of the prestito obbligazionario convertibile emesso da Banca Carige in 2010. This involved the conversion of the loan into a convertible bond.
The conversion of azioni risparmio into azioni ordinarie, deliberated in 2011, is also being questioned. This decision was made by the ex vertici of Fondazione Carige.
The acquisto of azioni Banca Carige in 2012 is another act being looked into. It's unclear what specific irregularities are being alleged.
Irregolarità nell'attività erogativa, particularly regarding the gestione delle spese di rappresentanza and rimborsi spese, are also under investigation.
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Art and Culture
Fondazione Carige has a strong commitment to art and culture, supporting various initiatives and projects throughout the region. The foundation's focus on art and culture is evident in its collaborations with local museums and galleries.
One notable example is the foundation's partnership with the Museo Civico di Piacenza, which has allowed for the restoration and conservation of several important artworks. This collaboration has not only preserved the city's cultural heritage but also made it more accessible to the public.
The foundation's support for the arts has also led to the creation of a number of public art installations throughout the region, including a large-scale sculpture in the city of Piacenza. This installation has become a popular tourist attraction and a source of community pride.
Fondazione Carige's commitment to art and culture has also led to the establishment of a number of scholarships and grants for emerging artists. These programs provide valuable opportunities for young artists to develop their skills and showcase their work.
By supporting the arts and culture, Fondazione Carige is helping to preserve the region's rich cultural heritage and promote its unique identity.
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Regional Focus
Fondazione Carige is committed to a regional focus, with a particular emphasis on the Liguria region. They're not just concentrating on the big cities, but also on smaller towns and rural areas.
The foundation will hold at least two annual meetings of their governing bodies in the province of Imperia to show their commitment to the region. This is a significant effort to engage with the local community.
Fondazione Carige is expanding its scope to include new areas of intervention, such as culture and art, education and training, health, social services, economic development, research, volunteering, and sports. They're recognizing the value of sports as a tool for social cohesion and health prevention.
The foundation is prioritizing sustainability in all its forms: environmental, social, and economic. Their projects will be evaluated based on the United Nations' Sustainable Development Goals.
Palazzo Doria Carcassi, a historic fourteenth-century building, will be renovated to create more functional spaces for offices and make it more accessible to the public and local associations. It will also host cultural and artistic events while preserving its historical integrity.
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Sources
- https://www.obiettivoeuropa.com/bandi/fondazione-carige-bando-disabilita-ii-edizione
- https://en.wikipedia.org/wiki/Fondazione_Carige
- https://www.primocanale.it/attualit%C3%A0/48815-fondazione-carige,-milioni-di-euro-a-supporto-al-territorio.html
- https://tg24.sky.it/economia/2020/02/20/fondazione-carige-chiede-danni-ex-vertici
- https://www.mentelocale.it/genova/17226-fondazione-banca-carige-presentano-mostra-rubens-bacco-vino-veritas.htm
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