Facts and Figures

ERSTE Foundation is the main shareholder of Erste Group, one of the largest financial services providers in Central and South Eastern Europe, owning a direct stake of 11.05 % and heading a shareholder group acting in kind with 29.17 % of shares. ERSTE Foundation invests its dividend revenue in the development of societies in Austria, Central and South Eastern Europe: it supports social participation and civil-society engagement, it brings people together and disseminates knowledge of the recent history of this region that has been undergoing dramatic change since 1989.

ERSTE Foundation’s work

The funds used by ERSTE Foundation for project work can be classified as either funding of project partners, i.e., payments to non-profit organisations for the implementation of projects or direct project expenses, i.e., costs incurred by ERSTE Foundation for the research, development and implementation of projects to enable civil society, the inclusion of socially disadvantaged groups, and contemporary and socially engaged art. In 2006, ERSTE Foundation provided the nominal capital for the founding of Zweite Sparkasse, the bank for the unbankable, and in 2008/2009 of good.bee, an initiative to overcome financial exclusion. These were extraordinary expenditures, which are not incurred on a regular basis. The charts below give you more information on how ERSTE Foundation uses its funds for project work.

ERSTE Foundation’s total expenditure for projects 2005-2016: € 88.3 million

Graphics facts & figures (2) With the exception of 2006, when a substantial part of total expenditure was invested in the establishment of Zweite Sparkasse, the funding of project partners made up for the vast majority of total expenditure.

Types of expenditure: Share in total project expenditure 2005-2016

Graphics facts & figures (3)

For the whole period 2005-2016, 76.40 % of ERSTE Foundation’s funds were paid to non-profit organisations for the implementation of projects, while direct project expenses accounted for about 14.67 % of total expenditure. In total, start-up financing for Zweite Sparkasse and good.bee made up for 8.94 % of total expenditure in the period 2005-2016.

ERSTE Foundation’s regular expenditure for project work: Funding and direct project expenses 2005-2016: € 80.4 million

ERSTE Foundation’s expenditure for project work in the period 2005-2016 (calculated as total expenditure less the founding costs of Zweite Sparkasse and good.bee) amounted to a total of € 80.4 million. This chart shows the share of ERSTE Foundation’s core topices in total funding and direct project expenses in this period. Graphics facts & figures (4)

Number of projects approved

Graphics facts & figures (5) Between 2005 and 2016, a total of 1424 projects was approved. Out of that, 199 projects were the results of calls for application.

* Includes voting rights of ERSTE Foundation, savings banks, savings bank foundations, Wiener Städtische Wechselseitige Versicherungsverein and of 9.9 % shares of CaixaBank.

ERSTE Foundation is the main shareholder of Erste Group Bank
In Austria, private savings bank foundations are committed to serving the common good, while also carrying a special responsibility as main shareholders of their banking institutions. Therefore, ERSTE Foundation invests part of its dividend to promote the growth of Erste Group.

It is heading a group of shareholders acting in kind with 29.17 % of shares*.

of ERSTE Foundation’s annual budget is invested in projects that we initiate in our 3 core topics Social Development, Culture and Europe. The remaining 8,94 % are spent as grants to non-profit organisations to support their projects.

€ 80.4 million
is the total amount of funds ERSTE Foundation has spent between 2005 and the end of 2016.

is the total number of projects ERSTE Foundation has imple-mented and/or supported between 2005 and the end of 2016.

is the total number of persons who form our operating team*. In detail, these are 20 employees and 1 freelancers. * excluding Boards, as of end-2016.

Annual Report 2016

ERSTE Foundation publishes annually a report with information and figures related to its work. Here you can download our current report.

Fact Sheet October 2016