The sector CECA, made up of nine credit institutions and more than thirty foundations, has been consolidated as the private social largest investor of our country thanks to a historic initiatives development of charity character.
The philanthropy is an engine that moves a far reaching part of the world. In fact, according to calculations of the OECD, represents 5% of the world GDP . Spain is found between the 15 countries of the world that more collection philanthropic achieve, and that proceeds both of retail investors and of companies, that they dedicate a major part of its efforts to social projects.
Increasingly companies of the private sector dedicate actively its resources to support causes and projects that they contribute to the common well-being and they promote good changes in the communities. Many companies channel this social facet via the creation of philanthropic foundations , defined as those non-profit organisations that they have as a main end help to people of altruistic way.
In Spain there are 10,511 active foundations (on a total census of 15,821) and its contribution, both social and economic results fundamental. According to the Analysis of the economic contribution and social of the Spanishfoundations, elaborated by AFI for the Spanish Association of Foundations, this sector generated 18,000 million euros in 2020, a figure that supposed 1.6% of the GDP for that year. The foundations also are a major source for the employment, then generates more than 267,000 work positions .
The foundation sector shows a solid contribution to the economy, but emphasises above all for contributing an enormous social value on areas so various as the education, the culture, the scientific research or the technological innovation.
A commitment with the communities
In the last decade, the world has lived major crisis moments. A pandemic, wars, natural disasters and multitude of challenges that still cause a sensation of uncertainty in the company. During this time, the Obra Social of the companies associated with CECA has been present, helping to those which more it need in difficultmoments. It has done it via charity and programmes initiatives directed to promote the well-being of people, especially those ones belonging to the most vulnerable groups as the older people or the people at risk of social exclusion.
In 2023, the Obra Social of the companies associated with CECA allocated 851 million euros , driving 80,964 activities that they have arrived at more than 30 million payees, just as is given off of the Report of Obra Social 2023.
Its commitment has supposed a crucial component in the social fabric during decades, then it has carried out a key role in the construction of stronger and sustainablecommunities. From 2013, when the Act was approved 26/2013 of Banking Savings Banks and Foundations, the Obra Social has destined an investment of 7,800 million euros across the Whole of Spain that they have served to promote 930,000 activities that reached an annual average of 31 million payees.
These details reflect the impact of the social work of the sector CECA, that is positioned at the top of the private social investment in Spain. His Obra Social is considered in our country as some of the principal operators of the socialinclusion, then takes decades promoting the development of a company fairer and inclusiva and improving the quality of life of people, especially of the more vulnerable ones.
