Fondazione Cassa di Risparmio di Perugia

Fondazione Cassa di Risparmio di Perugia

Fondazione Cassa di Risparmio di Perugia was established on May 22, 1992, as a private, autonomous non-profit entity emerging from the restructuring of the local Cassa di Risparmio, a savings bank with roots in the mid-19th century. The foundation's founding mandate severed it from direct banking activities, converting the historical capital into an endowment meant to perpetually serve the Umbria region. Today, that wealth generation link remains severed; the entity operates solely as an asset owner focused on disbursing earnings. The investment approach is deliberately diversified across fund-of-funds and secondaries strategies to produce a stable income stream for its grant-making mission. Real asset holdings form a distinct part of the portfolio, centered on direct ownership of historically significant commercial properties. These confirmed positions include Palazzo Baldeschi al Corso, Palazzo Graziani, and Palazzo Lippi Alessandri, all located on Corso Vannucci in central Perugia, alongside Palazzo Bonacquisti in Assisi and the Logge dei Tiratoi della Lana in Gubbio. The portfolio is geographically concentrated in Umbria, reflecting a deep regional tie. The foundation operates from Perugia under the leadership of President Alcide Casini and Director General Fabrizio Stazi. Its governance includes an external expert, Dario Frigerio, contributing to an Investment Committee. The structure is intimately linked to other institutions through ACRI, the national association of Italian banking foundations, and maintains a strategic partnership with Cassa Depositi e Prestiti for local development and social housing. In May 2024, the foundation integrated its cultural activities under the umbrella of its instrumental body, Fondazione CariPerugia Arte, consolidating the management of its art collections and exhibition spaces. The structural differentiator resides in its hybrid mandate. While neither a single-family office nor a traditional endowment, it functions as a territorial development engine. The foundation's architecture couples an institutional investment function with direct control over an extensive portfolio of historic real estate and fine art—such as the Alessandro Marabottini Collection and the Renaissance Maiolica Collection housed at Palazzo Baldeschi—creating a singular governance challenge of balancing financial returns with the preservation of public cultural assets.