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The Princess of Asturias Foundation

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La Fundación

06/22/2012

Presentation of the Annual Report of the Prince of Asturias Foundation

The new format offers complete information on the Foundation’s activities and its economic/financial situation.

Annual Report. ©FPA

The Prince of Asturias Foundation has presented its Annual Report to TRH the Prince and Princess of Asturias and the members of the Foundation’s Boards of Trustees, as well as in a breakfast briefing with the media.

The new format, which is more visual than the previous one in both design and content, provides comprehensive information on the activities of the Foundation and its economic/financial situation. This is reflected in the quantity, quality and relevance of the information provided so as to adapt to the Principles of Good Practice established by the European Foundation Centre, of which the Prince of Asturias is a member.

The same principles in matters of communication have been applied to the website, where it is now possible to consult the Foundation’s Statutes and Founding Charter, as well as full profiles of the members of the Board of Trustees of the Foundation and the Annual Report.

The profound renewal of the Annual Report undertaken this year supposes an important development, meeting the international standards of good governance, accountability and transparency set by the European Foundation Centre, the Global Reporting Initiative and Corporate Commitment Foundation.

Impact study

In addition to presenting the Report, the Foundation has released a study, carried out by Deloitte, on the economic impact generated by the institution’s activities.

As reflected in the report’s findings, the activities organised by the Foundation in 2010 represented a total expenditure of all the actors involved (Foundation, attendees, media, advertising, artists, teaching staff, etc.) of 6.4 million Euros, 93% of which stayed in Spain, which supposes an expenditure of 5.9 million Euros. This expenditure has contributed to generating 8.11 million Euros of GDP and to the safeguarding of 212 direct, indirect and induced jobs.

The Principality of Asturias is the recipient of 77% of said expenditure, which represents a contribution of 6.2 million Euros to the GDP and 160 jobs safeguarded in Asturias.

The study also concludes that for every euro received by the institution in grants, it generates 6.8 Euros of overall GDP and that the total return via taxes amounted to 575,826 Euros in 2010.

The report also includes an economic assessment of the impact of the news generated by the Foundation in the media, which came to more than 45 million Euros in the year the study was conducted.

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