In fiscal 2018, Fundación MAPFRE’s revenues totaled 64.4 million euros, a figure that represents an increase of 9.2 percent with respect to the previous year. The revenue increase, which was incorporated into the initial budget, came about as a result of an increased dividend arising from the MAPFRE portfolio.
The amount used to execute foundational activities and other costs, including administration expenses, was 48.6 million euros, 2.4 percent less than the previous year.
This amount was primarily allocated to activities related to Social Action (30.9 percent), Culture (31.9 percent), Accident Prevention and Road Safety (19.7 percent), Health Promotion (11.9 percent) and Insurance and Social Protection (5.6 percent).
The budget approved by the Board of Trustees for 2019 will be allocated to activities related to Social Action (30.8 percent), Culture (32.2 percent), Accident Prevention and Road Safety (19.2 percent), Health Promotion (11.9 percent) and Insurance and Social Protection (5.9 percent).
The surplus for fiscal 2018 amounted to 15.8 million euros.
In 2018, funds were allocated to the various foundational action lines as follows: Social projects and assistance (32.2 percent), Educational, outreach and awareness programs (29.5 percent), Research assistance and results (8.4 percent), Courses, workshops and conferences (3.4 percent) Art (25.6 percent) and Volunteering (0.9 percent).
At December 31, 2017, Fundación MAPFRE’s equity stood at 2,761.9 million euros.