An Endowment Fund is a philanthropic entity aimed at realizing or supporting other non-profit organizations in the achievement of a work or mission of general interest.
Origins and Mission
It was in the spring of 2023 that the Board of Directors of Crédit Mutuel Arkéa decided to create an endowment fund, called the Crédit Mutuel Arkéa Endowment Fund. After a testing period conducted in the last quarter of 2023, in 22 local branches of Crédit Mutuel de Bretagne and Crédit Mutuel du Sud-Ouest, the Crédit Mutuel Arkéa Endowment Fund was operationally launched in January 2024.
Why did we create this fund ?
The Endowment Fund of Crédit Mutuel Arkéa was created to strengthen and enrich the group's philanthropic and solidarity activities. This endowment fund therefore complements the solidarity initiatives carried out for many years by the Federations of Crédit Mutuel de Bretagne and Crédit Mutuel du Sud-Ouest.
How does it work in practice ?
The Endowment Fund of Crédit Mutuel Arkéa aims to offer strategic management of the cooperative banking group's solidarity engagement to ensure coherence at the local level, as well as on a national scale.
In line with the group's mission-driven objectives, the board of directors of the Endowment Fund, chaired by Sophie Violleau, President of Crédit Mutuel du Sud-Ouest and Vice-President of Crédit Mutuel Arkéa, decides on the allocation of grants to support and make visible on-the-ground actions for societal and environmental transitions.
The Endowment Fund operates through a decentralized organization closely tied to local territories. Decisions are made by competent territorial committees, supported by local teams of Crédit Mutuel Arkéa. Local and regional committees ensure the allocation of assistance to associations and individuals in line with the commitments of local branches.
The board of Directors
Yvon ERHEL, President
Cécilia FRANCIOLI DE MONNER, Vice-president
Bruno DURAND, Administrator
Alain GRALL, Administrator
Patrick LE PROVOST, Administrator
Anne MALZHAN, Administratror
Jean-Marie MARTIN, Administrator
Erwan MEUDEC, Administrator
The creation of the Endowment Fund of Crédit Mutuel Arkéa is an additional expression of our mutualistic and cooperative DNA. It reflects our values of solidarity, ethics, and inclusion. The structures supported by the Endowment Fund often lack the time and means to make their actions and usefulness visible. As a mission-driven bank, we are obligated to support and accompany them. We aim to play a role in changing perspectives and mindsets on social, societal, and environmental issues, essential for transforming society sustainably and profoundly to make it more inclusive and just. The objective of the Endowment Fund of Crédit Mutuel Arkéa is to promote solidarity and well-being, here and now.
Yvon Erhel, President of the Endowment Fund of Crédit Mutuel Arkéa
The dedicated team
- Maiwenn ABGRALL, General Delegate
- Elise PENNEC, Sponsorship Manager
- Anne-Sophie RIMBERT, Sponsorship Manager
