It is a funding mechanism that allows the development of jointly (between two or among more companies and/or organizations) Social Responsibility projects with social and environmental impact. As an independent trust asset, it allows that the investment report be transparent and that it could be included in the Social Balance of member organizations.
Its valid legal form is that of trust, which refers to a relationship regarding property (in this case, money) and charging the person with title to the property (trustee) with duties imposed by other party (trustor) with the purpose of achieving a certain goal. The appointment of Credicoop Bank as Trustee was formalized.
The Evaluation Committee is formed by Universidad Tecnológica Nacional, Regional La Plata, and the course “Practices for social inclusion” of the School of Economics of the Buenos Aires University.
Four themes that will guide the first projects to be financed by the Fund were identified:
It has already begun the link with the Sport theme Responsible Operators. Sport Clubs and Centers across the country will use the funds to be received, for achieving the goals of the project. Currently, organizations continue to add small amounts to achieve great actions and it has been added an incubator of projects to expand the themes on which we will continue working.