Amsterdam 4th April 2024: Q1 2024 Activity report
Having donated € 572 098 in December 2023 in our 9th round of disbursements, Q1 2024 was all about rebuilding funds. The beneficiaries of the Q4 2023 donations were a mix of the ten anchor projects (involved in the nurturing, protection & education of young people) and eight Food Banks (given the cost-of-living crisis in Europe).
By the end of Q1 2024, the Foundation had rebuilt funds in excess of € 150 000. These funds will be donated to beneficiaries later in the year. A further € 81 917 is due to arrive on the Foundation’s account with Rabobank following voluntary donations from 2023 bonus by Kepler Cheuvreux colleagues.
We continued to deepen our relationships with several of our Food Bank beneficiaries: Kepler Cheuvreux staff volunteers spent enjoyable volunteering days during Q1 at City Harvest in London, Opera San Francesco per i Poveri in Milan and Banco de Alimentos de Madrid.
The Foundation has also embarked on audit meetings of its ten anchor project beneficiaries. In Q1, we successfully audited Friends, MQ Mental Health, Opera San Francesco per i Poveri (not an anchor project), Institut Robert-Debré.
The Foundation’s board members are examining mentoring projects to help young people from deprived areas to find work internships and to partner with schools / students who need help with the preparation of CVs, application letters and choosing internships and apprenticeships.
In 2024, we will also reach the symbolic threshold of €5M in donations collected and distributed since the Foundation’s inception.
Since its creation in March 2020 and its legal incorporation in June 2020, the Foundation has distributed a total of € 4,861 million to beneficiaries. The foundation’s current donation efforts are focused on medical and social care organisations dedicated to children (Necker-Enfants Malades children’s hospital), Het Vergeten Kind (the Forgotten Child) etc. and Food Banks.
The Foundation’s income comes from Kepler Cheuvreux itself via monthly donations, voluntary deductions from bonus for employees, voluntary payroll deductions, the annual Charity Trading Day, various ad hoc Kepler Cheuvreux client events where clients are invited to donate to the Foundation.
Thank you for your interest and support ! If you have any comments or questions, please send them to: [email protected]
Best regards,
Robert Buller
Secretary, on behalf of the Kepler Cheuvreux Foundation