Fondazione Monte dei Paschi di Siena

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Fondazione Monte dei Paschi di Siena

Palazzo Sansedoni, seat of Fondazione Monte dei Paschi di Siena
Predecessor	Charity function of Banca Monte dei Paschi di Siena
Founded	28 August 1995 (1995-08-28)
Headquarters	34 Banchi di Sotto, Siena , Italy
Key people	Carlo Rossi (Chairman)
Total assets	€ 543,836,006 (2020)
Website	fondazionemps.it

Fondazione Monte dei Paschi di Siena (FMPS) is a philanthropic organization based in Siena, Tuscany, Italy. The foundation was in fact the original statutory corporation of Monte dei Paschi di Siena. Due to Legge Amato, in 1995 there was a separation: Banca Monte dei Paschi di Siena became the company controlling the banking business, meanwhile the statutory corporation became Fondazione MPS, a foundation and private legal person which held the bank's shares.^[1][2]

Since the 1936 statute 16 members of the Fondazione Monte dei Paschi di Siena were appointed by local authorities: 8 members by the municipality of Siena, 5 by the province of Siena, 1 by the University of Siena, 1 by the Tuscany region and the latter by Archdioceses of Siena, Colle Val d'Elsa and Montalcino. The Foundation appoints the MPS governing body whose governance and operativity has been highly influenced by the Italian politic since the 20th century.^[3]