Policlinico of Milan
Our contribution, € 200,000 for the purchase of medical equipment and supplies
The UniCredit Foundation supported the Policlinico of Milan in its hour of greatest need through a donation to purchase health-care equipment and supplies for research and assistance activities aimed at helping patients suffering from Covid-19
By listening to the social needs that arose due to the pandemic, the UniCredit Foundation learned that the Policlinico of Milan found itself in urgent need of purchasing health-care equipment and supplies, both for research projects and to aid patients suffering from Covid 19. Having understood this necessity, the UniCredit Foundation
proceeded to quantify their needs by contacting the Policlinico, also known as Ca' Granda Ospedale Maggiore Policlinico Foundation, a public Scientific Institute for Research, Hospitalisation and Health Care ("IRCCS").
Their needs were assessed at the amount of € 200,000, and, during an emergency meeting held on 13 March, the Unicredit Foundation's Board of Directors resolved to donate said amount to the Ca' Granda Foundation.
This decision marks a fundamental change in the UniCredit Foundation's donation behaviour, shifting from a policy of making donations for specific projects to issuing amounts to cover urgent needs, given the exceptional nature of the times.
This step would prove to be essential in allowing the Foundation to provide concrete, quick aid in response to the needs triggered by the pandemic.
This shift is also motivated by article 2 of the Foundation's bylaws, which states that, "[The Foundation] may operate in Italy and abroad and,in furtherance of its social and humanitarian goals, may operate in places that are underdeveloped or affected by public calamity or other extraordinary events. It may direct its efforts into alleviating the
suffering typically caused by adverse circumstances by meeting food needs, treating endemic diseases, and supporting the sick, elderly, children and, generally, the most disadvantaged strata of the population."