# Fondazione Cassa di Risparmio di Imola

Fondazione Cassa di Risparmio di Imola is a Foundation based in Imola, Italy.

## Overview

- **Organization type:** Foundation
- **Headquarters:** Imola, Italy
- **Region:** Europe
- **Address:** Imola, Italy
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** fondazionecrimola.it
- **LinkedIn:** https://linkedin.com/company/fondazione-cr-imola

## Regulatory record

- **Reports private funds:** No

## About

Fondazione Cassa di Risparmio di Imola emerged from the restructuring of Italy's savings banks under the Amato Law, which separated banking operations from their philanthropic arms. The foundation retained the historical real estate assets and a mandate to reinvest in the local territory, operating from its base in Imola. Silvia Poli, a business executive with ties to the regional timber industry as CEO of Imola Legno, was elected President in 2024, reflecting a governance model that blends civic leadership with private-sector management. Institutional capital is deployed primarily through private equity buyout funds and direct real estate holdings. The foundation's property portfolio includes prominent Imola landmarks such as Palazzo Sersanti, Palazzo dal Pero, and the Galleria della Fondazione, which doubles as a public exhibition space for its significant art collection. While specific fund commitments are not systematically disclosed, the foundation's stated strategy and ACRI membership confirm a long-standing allocation model that uses private-market returns to fund grant-making. The geographic focus is overwhelmingly parochial, concentrated on the Imola municipality and the broader Bologna province. Beyond its balance sheet, the foundation is a member of ACRI, the national association representing Italy's eighty-plus banking foundations. This connects it to shared institutional knowledge and occasional co-investment platforms. Its philanthropic activity is structured through annual grant cycles supporting education, volunteering, public health, and cultural initiatives. The foundation also maintains a numismatic collection and a historical archive, positioning itself as a custodian of local heritage as well as a grant-maker. In 2024, the leadership transition to President Poli marked the most recent evolution in its governance. A meaningful structural differentiator is the foundation's identity as both an asset owner and a direct operator of cultural real estate. Unlike endowments that outsource property management, CARIMOLA actively stewards historic buildings that serve as programmatic venues, blending investment returns with direct community utility. This dual-use model — where an asset class simultaneously generates yield and fulfills the philanthropic mission — sets it apart from foundations that manage purely financial portfolios.

## Sectors

- Real Estate
- Private Equity

## People

- Silvia Poli — President

## Questions

### Where does the underlying capital come from?

The foundation was created in 1991 from the spin-off of Cassa di Risparmio di Imola, a regional savings bank, under Italy's Amato Law. It received the bank's historical assets, including real estate holdings and endowments, and was directed to use the proceeds for local philanthropic purposes rather than commercial banking.

### Is the foundation primarily a grant-maker or an active investor?

It is both. The foundation manages a portfolio concentrated in private equity buyout strategies and direct real estate ownership, with the returns funding annual grants. It also directly operates several historic buildings in Imola that serve as cultural venues, making it an active steward of its assets.

### How does ACRI membership influence the foundation's activities?

ACRI is the national association of Italian banking foundations, providing a forum for shared governance standards, joint philanthropic initiatives, and occasional co-investment opportunities. Membership ties the foundation to a network of peer institutions that collectively manage significant pools of Italian institutional capital.

### What investment stages or asset classes does the foundation typically target?

The portfolio is concentrated in private equity buyout funds and direct real estate, with no publicly stated allocation to venture capital, public equities, or fixed income. The foundation maintains notable commercial and cultural real estate assets in Imola, including Palazzo Sersanti and Palazzo dal Pero.

## Related profiles

- [Fondazione Cassa di Risparmio di Fossano](https://altss.com/profile/fondazione-cassa-di-risparmio-di-fossano)
- [Fondazione Cassa di Risparmio di Orvieto](https://altss.com/profile/fondazione-cassa-di-risparmio-di-orvieto)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/fondazione-cassa-di-risparmio-di-imola-carimola

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology