In our desire to share how we manage our activities, we offer clear and accessible information in this section on our organisation and resources: what we use them for, how we use them, and the results.
To improve knowledge opportunities for people through educational programmes and general-interest activities on art, culture, the environment and innovation, and to support Canal de Isabel II in teaching about the comprehensive water cycle and promoting research for more efficient and sustainable water use.
The Board is the highest entity of governance. It sets the basic lines of action for the Fundación and ensures compliance with its founding purposes. It meets at least twice per year and takes its decisions by majority of present and proxy votes; in the event of a tie, the president’s vote is a tie-breaker.
The founding bylaws festablish regulations for its composition, organisation and operation.
The board member’s position is not remunerated; no board member receives any compensation for their work.
With the Managing Direction and Sub-Direction, the Fundación is mainly structured into the departments of Innovation and the Environment and of Art and Culture, and the General Technical Secretariat which provides legal, economic and administrative support to the entire organisation.
The Fundación’s working staff consists of 21 people: 13 with a permanent contract and 8 with a temporary contract; 13 are women and 8 are men.
None of the employees are obliged to have authorisation for compatibility between public or private activities.
Each year, along with the legally required action plan, the board approves the year’s budget.
This section includes the Fundación’s annual accounts with their audit reports.
Tax reports issued by the Chamber of Accounts of the Community of Madrid that mention the Fundación may be viewed here.
Since 2001, the Fundación’s headquarters have been located at the former lift station of the Canal de Isabel II at Calle Mateo Inurria 2, in Madrid (Spain). This is home to its office, auditorium and an exhibition hall. Moreover, it has the Castellana 214 Hall, also home to exhibition activity.
The Canal de Isabel II foundation grant is 2,263,187€.
The Fundación’s economic resources mainly come from Canal de Isabel II, S.A.’s annual contribution, the exhibitions in the Castellana 214 Hall (since November 2019), use of its facilities for external events, the organisation of certain activities and the sale of publications.
The Fundación does not have any expenses in real estate leasing for its own use. It does not possess or use its own vehicles. It does not have advertising expenses beyond those included in the tenders for exhibitions in the Castellana 214 Hall.
Board member positions are not remunerated; no board member receives any compensation for their work.
Staff expenses in 2019 were 940,504€, of which 727,648€ were for wages and salaries; this item accounts for 22.5% of the year’s total expense.
The annual compensation allocated to all director staff is 288,005€ gross; the Managing Director’s position is the only upper management contract and the annual compensation is 81,656€ gross.
Fundación Canal is a private, public initiative entity, given its association with Canal de Isabel II. According to the Public Sector Contract Law, the Fundación is an “adjudicating power, but not a public administration” which must adapt its hiring to certain aspects of this regulation, even though the contracts it enters into are private in nature.
The Fundación’s contractor profile is on the Community of Madrid’s hiring portal; this is where tenders underway, executed contracts (including minor contracts) and other updated information on hiring subject to the public sector hiring law are published.
Budgetary volume by type of contracts 2019
Fundación Canal enters into agreements with other entities to collaborate in carrying out initiatives to contribute to its general-interest efforts.
On an annual basis, Fundación Canal receives a donation from Canal de Isabel II, S.A. that it uses to carry out its activity.
The Fundación sporadically provides grants that are accounted for in annual accounts reports.
To date, Fundación Canal has not received or awarded grants.
Fundación Canal is a member or, and/or collaborates with, the following organisations:
• Fundación ARCO
• ICOM España
• AEF. Fundación Española de Fundaciones
• Fundación Lealtad
• SERES. Fundación Sociedad y Empresa Responsable
• Plena Inclusión Madrid
At the end of each year, the Board approves the Fundación’s action plan, which sets forth the objectives and activities it plans on conducting during the following fiscal year.
The annual activity reports provide details on all initiatives conducted by the Fundación throughout each year and the results obtained: their impact on society and relevant numbers regarding how they were managed.
Pursuant to Spanish Law 10/2019 of 10 April, on Transparency and Participation of the Community of Madrid, the Fundación provides access to its public information through the attached form.
Before requesting information, we would like to invite you to view all the information accessible through this transparency portal and other sections on the website.