ERSTE Foundation

ERSTE Foundation
Founded2003
TypeAustrian private foundation
FocusSocial Development, Culture, European Integration
Location
Originslegal successor of Erste oesterreichische Spar-Casse (First Austrian Savings Bank) of 1819
Area served
Central, Eastern and South Eastern Europe
Methodoperational foundation and grant giving
Boris Marte (Chairman); Wolfgang Schopf (Deputy Chairman); Eva Höltl; Martin Wohlmuth
Revenue
main shareholder of Erste Group Bank AG
Employees
approx. 20
Websitewww.erstestiftung.org

ERSTE Foundation (in German DIE ERSTE österreichische Spar-Casse Privatstiftung or in short: ERSTE Stiftung) is the biggest Austrian savings bank foundation. In 2003, it evolved from the Erste österreichische Spar-Casse, the first Austrian savings bank founded in 1819. It is the main shareholder of Erste Group. As a private austrian savings banks foundation, the foundation invests parts of its dividends to support the development of societies in Central and South Eastern Europe.