In the 2017 financial year Fundación MAPFRE revenues rose to 59 million euros, a figure that represents an increase of 40.1 percent over the previous year, provided for in the initial budget and explained by the increased dividend from the MAPFRE Portfolio.
The amounts used to undertake foundational activities and to cover other expenses, including administration costs, came to 49.8 million euros, with an increase of 6 percent compared to the previous financial year.
These amounts were mainly allocated to activities relating to Social Action (31.8 percent), Culture (31.5 percent), Accident Prevention and Road Safety (18.6 percent), Health Promotion (12.3 percent) and Insurance and Social Protection (5.8 percent).
The budget approved by the Board of Trustees for 2018 will be devoted to activities relating to Social Action (30.6 percent), Culture (32.1 percent), Accident Prevention and Road Safety (19.7 percent), Health Promotion (11.8 percent) and Insurance and Social Protection (5.8 percent).
The surplus balance for the 2017 financial year comes to 9.2 million euros.
As of 31 December 2017, the assets of the Foundation had risen to 2,761.9 millions euros.