Created by law of July 4, 1990, corporate foundations allow one or more companies to support public utility projects, while benefiting from a 60% tax deduction within a limit of 0.5% of turnover. Long seen as a simple sponsorship tool, they have now changed their face: they increasingly design and manage their own projects, mobilizing the knowledge and technology of their parent companies.
This movement is accelerating: in 2024, France had 7,392 foundations and endowments, an increase of 12% in two years (according to the French Center for Funds and Endowments, EY and Les Entreprises pour la Cité: Panorama of foundations and endowments 2024 Edition created by corporate sponsors). More than one in two (55%) are now supported by SMEs or mid-sized companies. From this transformation emerged new models of corporate philanthropy.
