Kering Foundation


The Kering Foundation is a foundation created and financed by Kering.

Origins

Since 2001, Kering has been engaging with solidarity projects and social cohesion programs by founding the SolidarCité association. In 2009, SolidarCité was replaced by the Kering Foundation.

Organisation

In 2009, PPR Group launched the Kering Foundation. The Foundation is financed by Kering for a minimum term of five years. Its Executive Director is Céline Bonnaire.

Board of Directors

The Board of Directors is under the Chairmanship of François-Henri Pinault and is made up of 16 members, meeting twice a year. The Board is made up of three colleges: a Founding Members Board college, a Kering S.A Personnel Representative college and a college of Qualified Personalities committed to women's issues.
The qualified college personalities are:
The Selection Committee reviews all funding applications submitted to the Kering Foundation by non-profit associations and NGOs, as well as social entrepreneurship projects. It reviews in particular applications for NGO Partnerships, Employee Projects and Social Entrepreneurs Awards. The Committee comprises both external and internal members, and meets two to three times a year.

Goals and missions

The Foundation's main goals are to:
The Foundation's actions are organized around five pillars.

Local and international NGO partnerships

The Foundation supports projects which allow, thanks to microfinance services, the development of revenue generating activities for women in order to reduce economic marginalization. In 2011, the Foundation became partner with MicroWorld, an online micro lending platform of PlanetFinance Group, the European microfinance leader.

Social entrepreneurs sponsorship

Each year, three social entrepreneurs are selected for the economic viability and the social added value of their projects in favor of women, their families and communities. Each selected project proposer is awarded 15 000 euros, and also receives personal and business sponsoring as well as guidance from a Kering staff member.
The Foundation supports initiatives fostering public information and awareness about violence against women and women’s empowerment for both Kering employees and the lay public. For example, the Foundation has supported the movie, Desert Flower, for its release in 2010 in France: the movie is based on the true story of Waris Dirie, who was born in the Somali desert and who suffered excision before becoming an international top model.

Other projects

The Foundation offers its expertise and advice for Kering ’s brands on their solidarity programs and promotes the development of projects which aim to empower women.
For example, Kering Foundation associated with Gucci to create the Spotlighting Women Documentary Awards through Tribeca Film Institute. The three 2011 laureates were: Barefoot Engineers, Justice For Sale, The World Before Her.
In 2012 the three winners are Alia Ruby Blade, Stargazing and The Supreme Price.