The EM Normandie Business School Foundation under the aegis of the Fondation de France
The EM Normandie Business School Foundation was created on the 5th of December 2016 by the signature of an agreement between its founding members and the Fondation de France, which defines its purpose, its missions, its headquarters, the nature and amount of donations made by the founders, its governance, its duration and its terms of intervention.
The Fondation de France, France's leading philanthropy network, guarantees that the funds collected are used in accordance with its purpose. It currently houses 945 funds and foundations, around a hundred of which are linked to the Higher Education and Research sector. Its missions include developing knowledge, training programme and education, promoting philanthropy and encouraging initiatives of general interest.
It provides operational expertise in the legal, tax and financial fields. It records donations, issues tax receipts and keeps the accounts of the EM Normandie Business School Foundation.
As a Foundation sheltered by the Fondation de France, the EM Normandie Business School Foundation benefits from the advantageous tax treatment granted to foundations recognized as being in the public interest, with the range of tax reductions applicable to donations, in accordance with current legislation.
50 years
The Fondation de France was created in 1969, on the initiative of André Malraux and General de Gaulle. At the time, there were only 250 foundations in France, compared with 15,000 in the United States. Directly inspired by the American model of private philanthropy, the Fondation de France was created to encourage and manage all ‘initiatives of generosity’ from the public. The Fondation de France was conceived as an intermediary between the general interest and private funds, a truly modern tool for philanthropy.
The IDEAS label is a guarantee of rigour and transparency in the management of the funds raised. It recognises the quality of its governance, financial management and monitoring of the effectiveness of its activities. The IDEAS Institute helps non-profit organisations to meet the requirements of the IDEAS label.
