The Foundation is not for profit and exclusively pursues purposes of social solidarity. The Foundation carries out its activity in the charitable sector. In particular, the Foundation's purpose is to pay, on an occasional or even recurring basis, contributions to finance initiatives, projects and specific activities promoted and carried out by individuals, associations, bodies, organizations, legal persons, both private and public and of any nationality, intended for the following purposes: to assist the needy resident in the Canton of Ticino and, subsidiary, in other regions of Switzerland; where appropriate, these beneficiaries must demonstrate to the Foundation in accordance with the provisions of the Foundation's regulations that they are in actual need; indirectly assist the needy resident abroad, through contributions to non-profit entities exempt from taxes by virtue of art. 56 LIFD; alternatively, directly assist needy people residing abroad who demonstrate to the Foundation in accordance with the provisions of the Foundation's regulations the actual state of need; contribute to research in the medical sector and to the fight against diseases, preferably operating in the Canton of Ticino the beneficiaries of the contributions can only be exempt from taxes by virtue of art. 56 LIFD; directly support the economic, scientific and cultural development of the Canton of Ticino and, subsidiary, in other regions of Switzerland, as well as indirectly abroad; the beneficiaries of the contributions can only be exempt from taxes by virtue of art. 56 LIFD; support Associations operating in Ticino in favor of youth, particularly in the cultural and sports fields. The Foundation may not carry out activities other than those referred to in this article, with the exception of those directly connected to them and in any case in a non-prevalent way.
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Members of the Board of Trustees and delegates
|Ermotti, Sergio, da Lugano, in Collina d'Oro.||President|
|Soncini Ermotti, Anna, da Lugano, in Pregassona (Lugano).||Managing-Director|
|Ermotti, Concetta Lilli, da Lugano, in Collina d'Oro.||Member|
|Ermotti, Fabio, da Lugano, in Viganello (Lugano).||Member|