# Fondazione Cassa di Risparmio Salernitana (CARISAL)

Fondazione Cassa di Risparmio Salernitana (CARISAL) is an Endowment / Foundation based in Salerno, Italy.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Salerno, Italy
- **Region:** Europe
- **Address:** Salerno, Campania, Italy
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** fondazionecarisal.it
- **LinkedIn:** https://linkedin.com/company/fondazione-cassa-di-risparmio-salernitana

## Regulatory record

- **Reports private funds:** No

## About

Fondazione Cassa di Risparmio Salernitana was formed in 1992 under Italy's Amato Law. It directs proceeds from its endowment to social, cultural, and economic development projects in the province of Salerno while operating as a private non-profit supervised by the Ministry of Economy and Finance. Governance follows a dual-board structure, with a General Council setting strategy and a Board of Directors managing administration. The foundation holds government and corporate bonds, Italian equities, and real estate in Campania; in recent years it has added venture capital exposure through fund commitments and co-investments executed directly from its balance sheet.

## Sectors

- Education
- Environment
- Sports
- Arts and Culture
- Volunteering and Philanthropy

## Questions

### What is the origin of Carisal's endowment?

Carisal's endowment originated from the 1992 spin-off of Cassa di Risparmio Salernitana's banking operations under Italy's Amato Law (Law 218/1990). The law required Italian savings banks to separate into for-profit banking entities and non-profit foundations. Carisal received the ownership stake in the newly created banking entity and other non-banking assets, which formed its initial endowment. The foundation has since managed and diversified these assets independently.

### Who governs investment decisions at Carisal?

Carisal operates under a dual-board governance structure standard for Italian banking foundations. The General Council sets strategic asset allocation and approves the annual budget, while the Board of Directors executes operating and investment decisions within those parameters. Specific investment committee members or external advisors are not publicly disclosed for current mandates, including the venture program.

### Does Carisal co-invest alongside other Italian banking foundations?

Italian banking foundations frequently co-invest through joint initiatives and fund commitments, particularly within regional networks. While no specific co-investment vehicle involving Carisal is publicly documented, the foundation's venture pivot aligns with a broader trend among Italian foundations of banking origin to participate in territorial venture capital platforms, often in partnership with entities like CDP Venture Capital SGR or regional co-investment funds.

## Related profiles

- [Fondazione Cassa di Risparmio di Prato](https://altss.com/profile/fondazione-cassa-di-risparmio-di-prato)
- [Fondazione Con il Sud](https://altss.com/profile/fondazione-con-il-sud)

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Last updated: 2026-07-11T16:23:46.000Z

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