# Venice Foundation

Venice Foundation is a Foundation based in Venezia, Italy.

## Overview

- **Organization type:** Foundation
- **Headquarters:** Venezia, Italy
- **Region:** Europe
- **Address:** Palazzo Flangini Cannaregio 252
- **Founded:** 1992
- **Assets under management:** 558 (Altss estimate)
- **Website:** www.fondazionedivenezia.org
- **LinkedIn:** https://www.linkedin.com/company/fondazione-di-venezia

## Regulatory record

- **Reports private funds:** No

## About

Venice Foundation was established in 1992 as the successor entity to Cassa di Risparmio di Venezia. Michele Bugliesi serves as chairman; Giovanni Dell'Olivo acts as director general. The foundation maintains its headquarters at Palazzo Flangini in Cannaregio. Capital is deployed across real estate, listed equities, and private holdings. Confirmed positions include a stake in Cassa Depositi e Prestiti S.p.A., shares in Intesa Sanpaolo S.p.A., and a 7.91 percent interest in Banca Sistema S.p.A. The foundation also holds 100 percent of Polymnia Venezia S.r.l. and M9 District S.r.l., which oversee the M9 Museum Complex and related urban regeneration sites in Mestre. Geographic focus remains Italy, with primary activity in the Veneto region and secondary exposure through national financial holdings. The foundation reports 558 million USD in assets. It maintains three adjacent philanthropic vehicles: Fondazione M9 and Venice Sustainability Foundation. In May 2024 the foundation served as partner for the Venice Architecture Biennale, presenting updates on the M9 project. Ownership of dedicated operating companies for museum operations and real estate management creates a hybrid structure that combines grant-making with direct project execution. This architecture separates investment decisions from the foundation's statutory cultural and social mandates.

## Sectors

- Real Estate
- Arts & Culture
- Financials

## People

- Michele Bugliesi — Chairman
- Giovanni Dell'Olivo — Director General

## Questions

### Who runs investment decisions at Venice Foundation?

Michele Bugliesi as chairman and Giovanni Dell'Olivo as director general oversee decisions. The foundation also retains Intesa Sanpaolo Private Banking as investment advisor.

### Does Venice Foundation participate in fund commitments or only direct deals?

The foundation holds limited partnership interests in P.M. & Partners Private Equity Fund and Fondo Veneto Casa alongside direct ownership of real estate SPVs.

### What investment stages does Venice Foundation typically target?

The foundation maintains a 10-to-20-year investment horizon and focuses on completed or near-stabilized assets rather than early-stage ventures.

### How is Venice Foundation related to Fondazione M9?

Fondazione M9 is an operating foundation established in 2014 that runs the M9 Museum of the 20th Century under the parent foundation's ownership.

## Related profiles

- [Graphic Arts Industry Joint Pension Trust](https://altss.com/profile/graphic-arts-industry-joint-pension-trust)
- [The Jesus Fund](https://altss.com/profile/the-jesus-fund)

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

Canonical page: https://altss.com/profile/venice-foundation

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