It is more than 10 years since La Financière de l’Echiquier’s Foundation fervently committed itself to helping those with social and professional difficulties. Today around 4.5 million euros have been granted to more than 130 charitable projects thereby benefiting thousands of people in need of either education or employment.
The Foundation is now focused on the next 10 years! Its beliefs are unchanged: we will continue to aid those who despite their disadvantages, be they social, familial, cultural, health-related or otherwise, have a desire to change their lives. By lending them a helping hand, the Foundation gives them the opportunity to achieve their dreams just the same as anyone else.
President, La Financière de l’Echiquier Foundation
|Country of operation||France|
|Projects supported so far||132|
|Average annual budget||400,000 euros|
|Maisons de Jeunes Talents (Young Talent Centres)||55 students enrolled|
Grants awarded by the Foundation
Integration through employment
Young Talent Centres
|Support for companies that help people enter the workplace, using financial resources to help the most disadvantaged members of society and give them back their enthusiasm for work, their dignity and their financial independence.
Example : Emmaüs Défi
Offering personalised solutions and a custom-made programme for those least likely to find a job.
|Education programmes were the first to be supported by the Foundation, as they are essential to preventing exclusion.
Example : Sport dans la Ville
Using sport as a way of integrating young people from deprived neighbourhoods.
|Les Maisons des Jeunes Talents (Young Talent Centres) give free accommodation and support to young female scholarship winners throughout their preparatory studies for the Grandes Ecoles (Universities).
A programme with a proven track record: 85% success rate in entrance exams.
La Financière de l’Echiquier
75% of the Foundation’s budget is provided through a fee-sharing arrangement on two mutual funds:
Donations to the Foundation make up 25% of the budget and are eligible for reductions in income tax, corporate tax and wealth tax. For example, a donation of 1,000 euros (equivalent to 3 days in a back-to-work company for a disadvantaged person or 1 month of accomodation and support for a student at a Young Talent Centre) effectively costs the donor:
We were voted the most generous company of the year in 2014.
Enabling employees to help the disadvantaged during working hours.
The company provides the opportunity for employees to devote 5 working days per year to organisations that are financially supported by the Foundation.
Whether it is supervision of events, coaching young people looking for internships or painting premises, organisations can count on our employees when they need a helping hand.
|Programme created||July 2012|
|Participating employees||47 (50% of the workforce)|
|Time given||Over 500 working hours donated|
As an example, we worked with the Association Le Valdocco, one of whose objectives is to build ties with families in sensitive neighbourhoods. Les bibliothèques de rue (mobile libraries) are an excellent way of accomplishing this.The support of our employees was of particular help to Le Valdocco when the Wednesday mobile library in Argenteuil had to close due to a lack of volunteers.