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The Princess of Asturias Foundation

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The Foundation

12/15/2016

Ordinary meeting of the Princess of Asturias Foundation Board of Trustees

Held today at the Reconquista Hotel in Oviedo

©FPA

The Princess of Asturias Foundation Board of Trustees held its ordinary meeting corresponding to the second half of the year at the Reconquista Hotel in Oviedo today, where it approved the budget and action plan for 2017 and was informed of the activities undertaken this past year and of the Foundation’s financial situation and assets.

The Foundation’s president, Matías Rodríguez Inciarte, and director, Teresa Sanjurjo, reported on the activities undertaken by the Foundation throughout the year, focussing especially on the Princess of Asturias Awards Ceremony and the cultural events leading up to it, the activities related to the institution’s Music Department, and the impact all these events have had in the media.

The report includes information on participation at the events organized around the Award Ceremony, attended by more than 15,000 people, and an economic evaluation of the news generated by the Foundation in the Spanish media during the month of October, which amounted to 22,086,305 euros according to data provided by media monitoring consultants Kantar Media.

The Board of Trustees unanimously approved the action plan and budget for 2017, amounting to 5.2 million euros, a figure that continues the line of restraint in spending of prior years while maintaining the same activities organized by the Foundation. This budget also strengthens the trend towards budgetary independence, with 85.5% of its income coming from private sources and 14.5% of funding coming from the public sector.

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