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Nicholas Moody

August 20, 2015

Santander’s most famous family is taking a hands-on approach to philanthropy in areas as diverse as bioinformatics to boys’ education. Fundación Botín’s director general tells Nicholas Moody about how a €900 million endowment is driving social change

Fundación Botín is not your usual endowment-spending foundation. What makes it different? a) Size - it holds slightly less than 1% of all shares in the Spanish banking empire, Santander; b) Investment strategy - it doesn’t have one, it only holds Santander shares; and c) Philosophy - it’s constantly innovating, despite the temptation for a 51-year-old foundation to follow the status quo.

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