POLICY PLAN

Standard form
publication requirement
General ANBI
1

General organisation details
Name

FONDAZIONE PRADA

Contact details. Please fill in at least 1 of the fields: Address, Telephone number or E-mail address.
AddressLARGO ISARCO, 2 20139 MILANCountry

ITALY

Telephone number

00390256662611

E-mail address

amministrazione@fondazioneprada.org

Web address (*)

https://www.fondazioneprada.org/?lang=en

RSIN (**)

8 2 5 5 3 3 5 7 0

Operating in sector (*)

Arts and culture – Exhibitions
Arts and culture – General- Secondary sector (if applicable) -In which countries does your
ITALY
organisation operate? (*)

4 4

Number of employees (*)
Number of volunteers (*)

Paid staff in average number of FTEs during the financial year.
Volunteers who regularly (more than 3 times a year) work for your institution.
Position (for example: chairman,
treasurer or secretary)

Statutory board of the organisation
Names of the boardmembers
Boardmember 1
Boardmember 2
Boardmember 3
Boardmember 4
Boardmember 5
Additional information
on governance (*)

IB 110 - 1Z*3FOL ENG

Target groups (*)(several options possible)

General public
Single parents
Illiterate people
Chronically ill people
Homeless people
Animals
Prisoners
Religious groups
Communities
YouthChildren
Lhbtqi+
People with disabilities
Environment
Minorities
Minimum income households
Nature reserves
Oceans and seas
Senior citizens
Patients

Victims of violence
Victims of natural disasters
Victims of war
Victims of sexual abuse
Students
Addicts
Refugees
Women and girls
Unemployed people
Wildlife
Other(*) Optional field, not mandatory (**) Institutions located in- and outside the Netherlands must fill in the RSIN number

02 of 06

1

General (continued)
Objective
Statutory objectiveof the organisation.
What does theorganisation seek
to achieve?

Fondazione Prada is a not-for-profit organisation, not even indirectly, and pursues theobjective of enhancing and promoting culture, in Italy and abroad, in all its forms andexpressions, including through:- the study, conservation, cataloguing, census and public display of works held or
acquired with particular but not exclusive reference to modern, contemporary (andavant-garde) art, in all its forms and expressiones;- the organisation of museum activities, artistic events, conferences;- financing and dissemination of publications and monographs;- dissemination of the knowledge of the authors working in the specific sector.

Outline of the policy plan
Please answer the questions below or provide an URL to the policy plan after the last question about the policy plan.
The online policy plan should at least provide answers to the questions about the policy plan asked here.

What are theinstitution’s activities?
When are which
acitvities to be carried
out? And how do theactivities contributeto achieving theinstitution’s objective?

Institutions' activities: a1. the study, conservation, cataloguing and public exhibition of
the works, own and those of third parties, which are part of the Fondazione's collection;
a2. the organization of museum activities, exhibitions, meetings, seminars, conferences
and symposia, as well as studies and research; a3. the production, distribution andpromotion of editorial products; a4. the realization of film screenings, concerts,
performance activities and shows; a5. the establishment of competitions, prizes andscholarships; a6. the realization of educational and training activities in the cultural
field; a7. the promotion of any other initiative aimed at fostering synergistic relations
between Fondazione and the world of national and international culture and the public.
Activities are carried out all year round based on a functional cultural program thatalternates activities and spaces. They contribute to achieving the institution's objective
thanks to their multidisciplinarity, complexity, differentiation and thanks to theinternationality and prestige of the artists and professionals involved.

How does theorganisation generate
income or revenue?

Revenues from sales and services of the core business come from the sale of tickets
and guided tours in two museums in Milan and one in Venice and from the sale ofcatalogues and promotional materials. Revenues are also earned from sponsorshipcontracts.

03 of 06

1

General (continued)
How and for what
purposes are therevenues spent?
If your organisation holds
capital, please fill in here
where and how this capitalis held (e.g. savings
account, investments, etc.)

The revenues are mainly spent on the organization of cultural activities, general
expenses and staff compensation.

URL of the policy planEnter the link to thepolicy plan.

Open

Remuneration policy
Remuneration policy
for the statutory board,for the members of thepolicy-making body andfor staff (e.g. collective
labour agreement
or salary scheme).

The President and Vice President are held without remunaration, without prejudice tothe reimbursement of expenses and advances regarding activities of the Fondazione.
The Chairperson and the Board of Directors are held without remuneration, without
prejudice to the reimbursement of expenses and advances regarding activities of the
Fodazione.
The auditor of the Fondazione is held with remuneration.
The staff labour agreements are "C.C.N.L. Terziario della Distribuzione e dei Servizi"
for employees and "C.C.N.L. Dirigenti delle Aziende del Terziario, Distribuzione e dei
Servizi" for managers.

Activity Report
List the activities thathave been carried out.
Alternatively, under the
next question, enter the
URL to the activity report,
or to the financial
statements if they clearly
describe the activities ofthe financial year inquestion.

Milan, Largo Isarco: “Cere anatomiche”, “Wes Anderson – Asteroid City: Exhibition”,“Paraventi: Folding Screens from the 17th to 21st Centuries”, “Riccardo Muti ItalianOpera Academy”, “Atlas | Fischli & Weiss”, Permanent projects, Cinema Godard
Screenings and Talks, Accademia dei Bambini activities.
Milan, Osservatorio: “Dara Birnbaum”, “Calculating Empires: A Genealogy ofTechnology and Power, 1500-2025”.
Milan, Chiesa di Santa Maria Annunciata in Chiesa Rossa: “FUJI||||||||||TA”.
Venice, Ca' Corner della Regina: “Everybody Talks About the Weather”, “Suono,
rumore, ascolto. Dialogo sull’inquinamento acustico e la tecnologia”.
Collaborations with Prada: “Human Brains: Preserving the Brain. Forum on
Neurodegenerative Diseases”, “Dara Birnbaum”, “Paraventi: Keiichi Tanaami”.
Books and t-shirts: Publication of monographic catalogues and Quaderni. For Thomas
Demand's work "Il Dado, 2022" the related t-shirts have been produced.

URL of the activity reportEnter the link to theactivity report.

https://www.fondazioneprada.org/calendario/?
period=past&tmpl=1&lang=en

Open

04 van 06

2

Balance sheet

Balance sheet date

3 1

1 2

2 0 2 3Enter the balance sheet date. If you continue, the years will automatically appear above the columns.

AssetsLiabilities

Intangible fixed assets€

291.982€

2.183

Continuity reserve€5.430.000€

5.430.000

Tangible fixed assets€

5.882.838€

5.960.672

Earmarked reserve€884.666€

637.815

Financial fixed assets€

15.711€

7.711

Revaluation reserve€€6.190.531€

5.970.566

Other reserves€+

Stocks

€786.433€

500.814

Accounts receivable& accrued income€

3.285.667€

2.725.268

Securities€

Liquid assets€€
5.177.174€+€

7.650.552+€ 10.876.634

9.249.274+
Total

Explanation
Provide an
explanation of thebalance sheet or fillin the URL to theannual accounts if
an explanation is
included.

+€ 15.439.805€
449.686

€

+

+

€

6.764.352€

6.313.736

Earmarked funds€

856.321€1.544.203

Provisions€€

Long-term liabilities€€

Current liabilities

€

Total

€ 15.439.805€

7.819.132+€ 16.847.200

245.9218.989.261++€ 16.847.200

The valuation criteria represent the equity and financial situation of the company in a truthful and correct manner Foundation and the economic result
achieved. The valuation of the items in the financial statements was based on criteria principles of prudence and competence, in the perspective of thecontinuation of the Foundation's activity, favoring the substance of the transaction with respect to the legal form. The principle of prudence was
scrupulously followed and a financial statements only include profits realized at the closing date of the financial year, while risks and risks have been taken
into account losses of competence even if known after closing. In compliance with the principle of accrual, the effect of the transactions and other eventswas recognized in the accounts and attributed to the year to which such transactions and events refer to, and not to the one in which the related
collections are made e payments. Preliminarily it is acknowledged that the evaluations were determined with a view to continuation of the activity.

05 of 06

3

Statement of income and expenditure

Income2023

Government grants€

Grants from other not-for-profit organisations€

Other grants€

962.981

Income from grants€

Sponsorship income€

Gifts and donations from private individuals€€

Inheritances€€

Contributions from lotteries€€

Other donations€

Donations

€

0

€

0

Income generated through the delivery of products
and services (turnover)

€

0

€

0

Financial income

€

21

€

32

Other income€

2022 (*)€

29.529.881

29.554.996€€

786.41730.492.862€

30.341.413

786417€1081172

+

+

€

+

€

+

+

€

30.492.883€

30.341.445

Purchase value of products supplied (cost price)€673.643€467.382

Grants & donations given€€

Purchases and acquisitions€€

Communication costs€€

Staff costs€

3.075.427€

2.952.292

Housing costs€

6.687.972€

5.735.655

Depreciation€

482.194€114.535

Financial expenses€

31.366€59.451Other expenses€

19.092.595€

20.766.209

Total expenses€

30.043.197€

30.095.524

Balance of income and expenditure€449.686€245.921

Total income

Expenses+++

06 of 06

3

Statement of income and expenditure (continued)
Explanation
Provide an explanation of
the statement of income
and expenditure here or
fill in the URL to thefinancial statements if an
explanation is included.

URL of the annual accounts
Enter the link to the annual
accounts if you have publishedthese..

Revenues from product sales are charged to the Income Statement at the time of thetransfer of ownership, normally identified with the delivery or shipment of catalogs or
the issuance of tickets. The proceeds for services were recorded at the time of theirconclusion, with the issue of the invoice. Revenues of a financial nature and thosederiving from the provision of services are recognized with reference to thecompetence storm. The value of revenues is shown net of returns, discounts,
allowances and bonuses and related taxes.

OpenLanguage: English

Standard form
publication requirement
General ANBI
1

General organisation details
Name

FONDAZIONE PRADA

Contact details. Please fill in at least 1 of the fields: Address, Telephone number or E-mail address.
AddressLARGO ISARCO, 2 20139 MILANCountry

ITALY

Telephone number

00390256662611

E-mail address

amministrazione@fondazioneprada.org

Web address (*)

https.//www.fondazioneprada.org/?lang=en

RSIN (**)

8 2 5 5 3 3 5 7 0

Operating in sector (*)

Arts and culture – Exhibitions
Arts and culture – General- Secondary sector (if applicable) -In which countries does your
ITALY
organisation operate? (*)

4 1 Paid staff in average number of FTEs during the financial year.

Number of employees (*)
Number of volunteers (*)

Volunteers who regularly (more than 3 times a year) work for your institution.

Statutory board of the organisation
Chairperson

MIUCCIA PRADA BIANCHI

Secretary
Treasurer
General board member

GIO' MARCONI

General board member

LUCA AURELIO GUARNA

Additional information
on governance (*)

IB 110 - 1Z*1FOL ENG

Target groups (*)(several options possible)

General public
Single parents
Illiterate people
Chronically ill people
Homeless people
Animals
Prisoners
Religious groups
Communities
YouthChildren
Lhbtqi+
People with disabilities
Environment
Minorities
Minimum income households
Nature reserves
Oceans and seas
Senior citizens
Patients(*) Optional field, not mandatory (**) Institutions located outside the Netherlands must fill in the RSIN number

Victims of violence
Victims of natural disasters
Victims of war
Victims of sexual abuse
Students
Addicts
Refugees
Women and girls
Unemployed people
WildlifeOther02 of 06

1

General (continued)
Objective
Statutory objectiveof the organisation.
What does theorganisation seek
to achieve?

Fondazione Prada is a not-fot-profit organisation, not even indirectly, and pursues theobjective of enhancing and promoting culture, in Italy and abroad, in all its forms andexpressions, including through:- the study, conservation, cataloguing, census and public display of works held or
acquired with particular but not exclusive reference to modern, contemporaru (andavant-garde) art, inall its forms and expressions;- the organisation of museum activities, artistic events, conferences;- financing and dissemination of publications and monographs;- dissemination of the knowledge of the authors working in the specific sector.

Outline of the policy plan
Please answer the questions below or provide an URL to the policy plan after the last question about the policy plan.
The online policy plan should at least provide answers to the questions about the policy plan asked here.

What are theinstitution’s activities?
When are which
acitvities to be carried
out? And how do theactivities contributeto achieving theinstitution’s objective?

Institutions' activities: a1. the study, conservation, cataloguing and public exhibition af
the works, own and those of third parties, which are part of the Fondazione's collection;
a2. the organization of museum activities, exhibitions, meetings, seminars, conferences
and symposia, as well as studied and research; a3. the production, distribution andpromotion of editorial products; a4. the realization of film screenings, concerts,
performace activities and showa; a5. the establishment of competitions, prizes andscholarships; a.6 the realization of educational and training activities in the cultural
field; a7. the promotion of any other initiative aimed at fostering synergistic relations
between Fondazione and the world of national and international culture and the public
activities are carried out all year round based on a functional cultural program thatalternates activities and spaces. They contribute to achieving the institution's objective
thanks to their multidisciplinarity, complexity, differentiation and thanks to theinternationality and prestige of the artists and professionals involved.

How does theorganisation generate
income or revenue?

Revenus from sales and services of the core business come from the sale of tickets
and guided tours in two musea in MIlan and from the sale of catalogues andpromotional material. Revenues are also earned from sponsorship contracts.

03 of 06

1

General (continued)
How and for what
purposes are therevenues spent?
If your organisation holds
capital, please fill in here
where and how this capitalis held (e.g. savings
account, investments, etc.)

URL of the policy planEnter the link to thepolicy plan.

The revenues are mainly spent on the organization of cultural activities, general
expenses and staff compensation.

Open

Remuneration policy
Remuneration policy
for the statutory board,for the members of thepolicy-making body andfor staff (e.g. collective
labour agreement
or salary scheme).

The President and Vice President are held without remunaration, without prejudice tothe reimbursement of expenses and advances regarding activities of the Fondazione.

Activity Report
List the activities thathave been carried out.
Alternatively, under the
next question, enter the
URL to the activity report,
or to the financial
statements if they clearly
describe the activities ofthe financial year inquestion.

Milan, Largo Isarco: “Useless Bodies?”, an exhibition by Elmgreen & Dragset about thepresent condition of the body in the post-industrial age; “Preserving the Brain”, a forum
on neurodegenerative diseases; “Recycling Beauty”, a study dedicated to the reuse of
Greek and Roman antiquities. Cinema: “Soggettiva Ava DuVernay”; Steve MᶜQueen’s“Small Axe”; “Multiple Canvases”; “Germano Celant’s curatorial method at Fondazione
Prada: from monographic exhibitions to interdisciplinary approach of languages ingroup shows”, a conference; “Soggettiva Bernardo Bertolucci: Doppia Autobiografia”, afilm program. “Accademia dei Bambini”, the project dedicated to childhood on
weekends with free activities together with laboratories. Milan, Osservatorio: “RolePlay” curated by M. Harris; explored possible alternative identities. Chiesa Rossa:“Dies Irae”, the Swedish composer Maria W Horn’s new work presented at Santa Maria
Annunciata church. Venice, Ca' Corner della Regina: “Human Brains: It Begins with an
Idea”, curated by U. Kittelmann in collaboration with T. Simon, the result of a long andin-depth research process in the field of neuroscience; the event “Luigi Nono,
Contrappunto dialettico alla mente”. Collaborations with Prada: “Role Play”, a second
version of the show on view at Osservatorio; “Lake Tai”, a project by Michael Wang at
Prada Rong Zhai, with a series of new works that look to the natural and cultural
heritage of the Lake Tai region; “Who the Bær” created by artist Simon Fujiwara, a newespecially conceived version of the show at Prada Aoyama. Books and t-shirts:
Publication of monographic catalogues and Quaderni and production of t-shirts.

URL of the activity reportEnter the link to theactivity report.

The Chairperson and the Board of Directors are held without remuneration, without
prejudice to the reimbursement of expenses and advances regarding activities of the
Fondazione.
The auditor of the Fondazione is held with remuneration.
The staff labour agreements are "C.C.N.L. Terziario della Distribuzione e dei Serizi" foremployees and "C.C.N.L. Dirigenti delle Aziende del Terziario, Distribuzione e dei
Servizi" for managers.

Open

04 van 06

2

Balance sheet

Balance sheet date

3 1 –

1 2 – 2 0 2 2

Assets31-12-2022

Enter the balance sheet date. If you continue, the years will automatically appear above the columns.

31-12-2021 (*)

Liabilities

31-12-2022

31-12-2021 (*)

Intangible fixed assets

€

2.183

€

6.240

Continuity reserve€5.430.000€

5.430.000

Tangible fixed assets€

5.960.672€

5.893.940

Earmarked reserve€637.815€503.658

Financial fixed assets

€

7.711

€

4.611

Revaluation reserve€€5.970.566€

5.904.791

Other reserves€+

Stocks€500.814€498.459

Accounts receivable& accrued income€

2.725.268€

8.655.012

Securities€

Liquid assets€€
7.650.552€+€ 10.876.634

4.186.525+€ 13.339.996

+
Total

Explanation
Provide an
explanation of thebalance sheet or fillin the URL to theannual accounts if
an explanation is
included.

+€ 16.847.200€
245.921

€

+

+

€

6.313.736€

6.067.817

Earmarked funds€

1.544.203€

884.367

Provisions€€

Long-term liabilities€€

Current liabilities

€

Total

€ 16.847.200€ 12.292.603

8.989.261+€ 19.244.787

134.159++€ 19.244.787

The valuation criteria represent the equity and financial situation of the company in a truthful and correct manner Foundation and the economic result
achieved. The valuation of the items in the financial statements was based on criteria principles of prudence and competence, in the perspective of thecontinuation of the Foundation's activity, favoring the substance of the transaction with respect to the legal form. The principle of prudence was
scrupulously followed and a financial statements only include profits realized at the closing date of the financial year, while risks and risks have been taken
into account losses of competence even if known after closing. In compliance with the principle of accrual, the effect of the transactions and other eventswas recognized in the accounts and attributed to the year to which such transactions and events refer to, and not to the one in which the related
collections are made e payments. Preliminarily it is acknowledged that the evaluations were determined with a view to continuation of the activity.

05 of 06

3

Statement of income and expenditure

Income2022

Income generated through the delivery of products
and services (turnover)€

Government grants€€

Grants from other not-for-profit organisations€€

Other grants€

786.417

Income from grants€

786.417

Sponsorship income€€

Gifts and donations from private individuals€€

Inheritances€€

Contributions from lotteries€€

Other donations€

Donations€0€Financial income

€

32

€

Other income€

2021 (*)€

29.554.996++

20.827.495€

1.081.172€

1.081.172

€

+
0

€

+

+

€

30.341.445€

21.908.667

Purchase value of products supplied (cost price)€467.382€

89.911

Grants & donations given€€

Purchases and acquisitions€€

Communication costs€€

Staff costs€

2.952.292€

2.451.187

Housing costs€

5.735.655€

4.861.096

Depreciation€

114.535€

101.716

Financial expenses€

59.451€-15.239

Other expenses€

20.766.209€

14.285.837

Total expenses€

30.095.524€

21.774.508

Balance of income and expenditure€245.921€134.159

Total income

Expenses+++

06 of 06

3

Statement of income and expenditure (continued)
Explanation
Provide an explanation of
the statement of income
and expenditure here or
fill in the URL to thefinancial statements if an
explanation is included.

URL of the annual accounts
Enter the link to the annual
accounts if you have publishedthese.

Revenues from product sales are charged to the Income Statement at the time of thetransfer of ownership, normally identified with the delivery or shipment of catalogs or
the issuance of tickets. The proceeds for services were recorded at the time of theirconclusion, with the issue of the invoice. Revenues of a financial nature and thosederiving from the provision of services are recognized with reference to thecompetence storm. The value of revenues is shown net of returns, discounts,
allowances and bonuses and related taxes.

Open