Iberdrola

The grants will fund the activities of private not-for-profit organisations that have public interest status

• The initiatives that will benefit are for the most part linked to combating poverty and social exclusion by promoting employment and attention to vulnerable groups
• The Fundación IBERDROLA will finance the selected projects with a maximum grant of €20,000. Under no circumstances may the grant exceed 50% of the total budget

The Fundación IBERDROLA has issued a decision on its second call for applications in its Energy for Solidarity social grants scheme, which will benefit 50 not-for-profit organisations with public interest status (see list provided below). In this edition of the plan, the institution received over 600 applications for the grants.

Around 80% of the projects to be backed by the Fundación IBERDROLA are linked to combating poverty and social exclusion. Therefore, the institution will for the most part support initiatives that promote job creation for people in a situation of inequality and cater for the basic needs of vulnerable groups.

The projects selected in this second edition of the Energy for Solidarity plan, which will each receive up to €20,000 in funding from the Foundation (although the amount may not exceed 50% of their total budget) were chosen according to criteria such as technical quality, applicants' managerial skills, economic-financial solvency and the level of impact on the target groups. The list of recipients is available on the website www.fundacioniberdrola.org.

The Energy for Solidarity scheme helps the Fundación IBERDROLA to consolidate its commitment to capillarity in the distribution of resources intended for social initiatives and to supporting institutions and projects that provide an efficient response to the most pressing problems affecting the most disadvantaged sectors of society.


About the Fundación IBERDROLA

The Fundación IBERDROLA, with Ignacio Galán as its Founding Trustee and Manuel Marín in the role of Chairman, focuses its activity in three main spheres of action: progress towards a sustainable energy model, cultural development in the countries where IBERDROLA operates and cooperation towards development and solidarity.

As well as the Energy for Solidarity scheme, the Foundation is also involved in various projects for the conservation of biodiversity and support for young R&D researchers, as well as initiatives to promote professional excellence in the energy sector, such as the scholarships for postgraduate studies in energy and environment.

The Fundación IBERDROLA is also involved in various projects for the conservation of the historical artistic heritage. One of the highlights in this field are the Atlantic Romanesque Heritage Restoration Programme, which aims to restore 33 Romanesque temples located in the vicinity of the river Duero, and the sponsorship of the Prado National Museum Restoration Programme.