The Monte dei Paschi di Siena Foundation was established on 28 August 1995 with the conferment of banking activity by the former public credit institute of Banca Monte dei Paschi di Siena SpA, whose origins date back to 1622.
"Promote and supporting the socio-economic development of the Territory and of the Community of reference in a perspective of widespread and sustainable wellbeing, with a constitutive, proposing and aggregating role, thanks to the ability to put at the service of Institutions, bodies and enterprises resources, knowledge and innovative projects, in a shared strategic vision " is the mission of the Foundation, characterized by the transition from a foundation mainly to grantmakingto an operating foundation .
Fondazione of banking origin, the Monte dei Paschi Foundation is an institution that has its roots in the will and determination of the Sienese institutions in the '400 the conceived as a protection tool and support of the citizens of Siena.
Established following the restructuring process of the banking sector that took place in Italy in the 1990s, the Foundation originates from its bank, the Monte dei Paschi di Siena, which was created in the seventeenth century by a vote of the Magistracy and the Sienese people. descends directly from that original Monte di Pietà, founded in 1472 by the will of the Republic of Siena.
The Bank's link with the city of Siena has always been very close, whose community and secular institutions have promoted its establishment and followed its development over the centuries. The Foundation was thus born from the splitting of Monte dei Paschi into a Banking Company and Foundation.
Over the years, the Foundation has assumed the role of a modern non-profit organization, becoming a subject active in the field of the third sector, at the service of the community.