Fondazione Cassa di Risparmio di Ferrara known as Fondazione Carife, is an Italian charity organization based in Ferrara. The foundation was the major shareholder of Cassa di Risparmio di Ferrara. However, all the shareholders and subordinated bond holders were bail-in the failure of the bank. The foundation had a net assets of €55,140,130 as at 31 December 2014, but including the shares of the bank which had an accounting value of €72,415,205.53.
The foundation had supported the restoration of Santa Maria in Vado, Ferrara, the painting by Bastianino in Ferrara Cathedral, and Resurrezione in Oratorio dell'Annunziata, Ferrara.
References
Fondazione Carife Wikipedia(Text) CC BY-SA