Kärntner Sparkasse AG is a regional savings bank founded in 1835 in Carinthia with an aim to finance regional small and medium sized enterprises as well as to manage savings deposits from private customers. From the beginning in 1835, earnings were mainly used to increase Carinthian economics and social standards as well as to support cultural and sport projects. This founding idea is still part of the business model.
Over the past 3 years (2013-2015) Kärntner Sparkasse AG and Privatstiftung Kärntner Sparkasse (Private Foundation holding 75% of stocks) distribute an amount of € 3.6 million to a wide variety of common welfare projects which embrace small ancient customs as well as big cultural sponsorings or direct social help to indigent families. To guarantee continuity and development, selected long-term agreements are negotiated.
Example of long-term projects and money allocated to them:
In the Social: Encouragement of AVS – Arbeitsvereinigung der Sozialhilfe Kärnten (Working Consortium of Welfare Aid Carinthia) € 260.000.
Education: Encouragement of University and School projects € 985.000.
Sport: Sponsoring of icehockey youth programs € 233.000.
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