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Italian Bank Foundations: From Grant-Making to Operating

19 Pages Posted: 26 Mar 2012  

Angela Besana

IULM University

Date Written: November 8, 2008


Local Authorities Funds for decades. New Patrons have crowded the fund-giving scenario with new expertise and subsidiary roles lately. Among them, Bank Foundations today represent the most deeply involved Italian Cultural Patron. Next to other grant-making foundations, Public Administrations, the National Lottery, citizens, firms, they perpetuate their fund-giving role – as savings banks – and engage in the role of destination managers of Italian cultural landscapes.

Nevertheless, bank foundations are not only grant-makers. Having collected arts and heritages through their past and today’s bank investing policies and services they are now realizing their exhibiting potentials. Through a cluster analysis of bank foundations assets, main accounting results and granting performances and thanks to interviews with a verified panel, it will be discussed of strategies and polarities of grant-making and operating in the arts.

Keywords: bank, foundation, funding, heritage, collection

JEL Classification: C38, Z11

Suggested Citation

Besana, Angela, Italian Bank Foundations: From Grant-Making to Operating (November 8, 2008). Available at SSRN: or

Angela Besana (Contact Author)

IULM University ( email )


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