Strategic Philanthropy: Analysis of "Ex-Ante" and "Ex-Post" Perceptions in Foundation Governance


  • Giacomo Boesso Università degli Studi di Padova
  • Fabrizio Cerbioni Università degli Studi di Padova
  • Andrea Menini Università degli Studi di Padova
  • Giulia Redigolo ESADE Ramon Llull


Banking Foundations, Strategic Philanthropy, Corporate Governance


This article investigates whether and how a "business-like" approach is associated with the evolution of philanthropy over time in a sample of Italian banking foundations (FOB). Data were collected through a questionnaire addressed to the chairpersons and administrators of the banking foundations in two distinct periods, five years apart. The results show a positive and significant correlation between the implementation of planning and control tools and a broader adoption of strategic philanthropy as perceived by top-level individuals within the foundations. Furthermore, administrators who bring specific managerial skills and are offered training at the time of their appointment are more likely to perceive improvements in philanthropic action. Additional analyses reveal that as the composition of governance changes (especially when replacing the chairperson), the association between planning and control systems and strategic philanthropy becomes negative, thus confirming the strong leadership role played by the chairperson within the FOBs.


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Author Biographies

Giacomo Boesso, Università degli Studi di Padova

Professore Ordinario di Economia Aziendale

Fabrizio Cerbioni, Università degli Studi di Padova

Professore Ordinario di Economia Aziendale

Andrea Menini, Università degli Studi di Padova

Professore Associato di Economia Aziendale

Giulia Redigolo, ESADE Ramon Llull

Assistant Professor of Accounting


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How to Cite

Boesso, G., Cerbioni, F., Menini, A., & Redigolo, G. (2024). Strategic Philanthropy: Analysis of "Ex-Ante" and "Ex-Post" Perceptions in Foundation Governance. European Journal of Volunteering and Community-Based Projects, 1(1), 1-33. Retrieved from