In line with the new legislation for the Italian non-profit sector, which came into effect in 2017, the concept of philanthropic organisations was introduced. These entities, recognised as part of the non-profit sector, can be established as either foundations or associations. Their purpose is to deploy money, goods, or services — including investments — in support of disadvantaged individuals or for general-interest purposes. The organisation’s name shall contain the indication of a philanthropic body. Philanthropic bodies get the economic and non-financial resources to develop their business mainly from public and private assets, donations and legacies, capital gains and fundraising activities. Foundations must also have their own assets worth a minimum of at least €30,000, whose profits are destined for the specific purpose of social utility. These organisations are under the aegis of Assifero. Foundations of banking origin, which are represented by ACRI, have a special regulation and definition, and do not appear in the third sector reform. They are also included under the category of ‘Foundations’. The figures for assets and expenditure are taken from a study conducted by ACRI in 2023 on 86 foundations of banking origin. Therefore, these figures are not reflective of the entire sector, but rather this subset of foundations.