Lombard Odier’s (LOIM) Fondation Philanthropia, created to support philanthropic activities of private donors, granted CHF5 million to approximately 50 projects in 2012, the foundation’s annual report has revealed.

The CHF5 million figure is twice as much as the foundation granted in 2011. The Geneva-based private bank’s Fondation Philanthropia has also committed approximately CHF13 million in grants for the future.

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The Foundation now operates fifteen personal funds, and has received over CHF100 million in donations.

According to Fondation Philanthropia, now in its fifth year of operation, the increasing demand among private clients for professional and independent expertise in philanthropy signals a long-term commitment.

 

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The Fondation’s annual report shows that out of the total grants received in 2012, public institution contributed to 39% or CHF1,966,452 followed by scholarships-foundations to 23% (CHF1,173,146). Local NGOs contributed to 22% , international NGOs contributed 13% (CHF665,908) and universities / research centers contributed to 3% (CHF154,230) of the total grants.

The foundation launched two major partnerships in 2012 as well, including, supporting the Paris-based Institut Gustave Roussy in the fight against cancer and with the Palace of Versailles to restore the Latona fountain and the surrounding parterre.

The foundation currently has 35 partners and 46 projects.

 

Portfolio offerings

Fondation Philanthropia’s asset investment policy divides assets into three distinct components, each designed to achieve the specific targets set for return on investment and risk management. By the end of 2012, Foundation Philanthropia’s general portfolio reported a 5.18% gain and 2.38% volatility.

Among its portfolio, the first component comprises short-term investments and bonds, sec¬ond component include medium-term investment, and multi-asset fund and third component includes equities and hedge funds.

Karin Jestin, a member of the board of Fondation Philanthropia and head of philanthropy at Lombard Odier. Jestin, said: “Umbrella foundations offer donors advantages such as they ensure their donations have a lasting impact; they benefit from lower administrative costs as a result of the pooling of funds; they are free to choose their own level of involvement and giving strategy, and all this while profiting from the support of professional expertise.”

Fondation Philanthropia offers two types of funds namely thematic funds and personal funds. Thematic funds include four action areas and among them Humanitarian and social causes formed the biggest proportion of total donations (47%), followed by culture and education (37%).