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The Foundation 12/12/2019

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 2020 and was informed of the activities undertaken this past year and of the Foundation’s financial situation and assets.

The Foundation’s president, Luis Fernández-Vega, 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 cultural events organized around the Award Ceremony, attended by more than 27,000 people. This figure is supplemented by the more than 6,900 students from 114 schools who participated in the “Taking the Floor” educational programme.

The economic evaluation of the news generated by the Foundation in the Spanish media during the month of October amounted to 27,462,322 euros, according to data provided by media monitoring consultants Kantar Media.

Budget 2020
The Board of Trustees unanimously approved the action plan and budget for 2020, amounting to 5.5 million euros, a figure that consolidates the trend towards budgetary independence, with 85% of income coming from the private sector and 15% from the public sector.

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