{"id":9881,"date":"2024-07-09T22:48:01","date_gmt":"2024-07-09T22:48:01","guid":{"rendered":"https:\/\/lvt.avze.net\/the-foundations\/"},"modified":"2024-10-18T09:47:19","modified_gmt":"2024-10-18T09:47:19","slug":"the-foundations","status":"publish","type":"page","link":"https:\/\/www.luisvallstaberner.com\/en\/the-foundations\/","title":{"rendered":"The Foundations"},"content":{"rendered":"[vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#ffffff” bg_image=”9868″ bg_position=”center top” background_image_loading=”default” bg_repeat=”no-repeat” scene_position=”center” top_padding=”4%” bottom_padding=”4%” text_color=”light” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” color_overlay=”#0a0a0a” overlay_strength=”0.5″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” parallax_bg=”true” parallax_bg_speed=”fast” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_row_inner equal_height=”yes” content_placement=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”15%” bottom_padding=”14%” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” enable_animation=”true” animation=”fade-in” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” offset=”vc_col-lg-6 vc_col-md-6 vc_col-xs-12″][vc_column_text css=”.vc_custom_1719326988191{padding-bottom: 20px !important;}” text_direction=”default”]PHILANTHROPIST<\/span>[\/vc_column_text][split_line_heading animation_type=”default” text_direction=”default”]\n

The three foundations: Fundaci\u00f3n Hisp\u00e1nica, Fomento de Fundaci\u00f3nes and Patronato Universitario<\/h1>\n[\/split_line_heading][\/vc_column_inner][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” offset=”vc_hidden-sm vc_hidden-xs”][vc_custom_heading text=”” google_fonts=”font_family:Roboto%3A100%2C100italic%2C300%2C300italic%2Cregular%2Citalic%2C500%2C500italic%2C700%2C700italic%2C900%2C900italic|font_style:100%20light%20regular%3A100%3Anormal”][\/vc_column_inner][vc_column_inner column_padding=”padding-6-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”bottom-right” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” offset=”vc_col-xs-12″ column_padding_type=”default” gradient_type=”default”][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”90px” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”column_reverse” scene_position=”center” top_padding=”2%” bottom_padding=”2%” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=”” gradient_type=”default”][vc_column column_padding=”padding-1-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top” bottom_margin=”20px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”2\/3″ tablet_width_inherit=”small_desktop” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css=”.vc_custom_1729243985533{padding-top: 10px !important;padding-bottom: 30px !important;}” text_direction=”default” el_class=”intro-pagina-contenido”]By the 1970s, Banco Popular had achieved a high level of maturity in corporate social responsibility, significantly influenced by Luis Valls, who understood this social strategy as having internal and external dimensions.[\/vc_column_text][vc_row_inner column_margin=”60px” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”15″ text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all”][vc_column_inner column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text css=”.vc_custom_1729244085742{border-color: #968523 !important;}” text_direction=”default”]Externally, there was significant yet little-known activity, mainly because the bank consistently adhered to the principle of not advertising the activity or using its brand for display: only social action.<\/p>\n

it is possible that those reading this who are familiar with a project supported by one of the three foundations (Fundaci\u00f3n Hisp\u00e1nica, Fomento de Fundaciones, and Patronato Universitario) might not know of Luis Valls\u2019 connection to them. Although he was never a trustee of any of these foundations, or \u00a0preside over them, he inspired their creation, encouraged their activities (even leaving his inheritance to one of them), and conveyed the joy of participation to others, and always from the background.<\/p>\n

The hallmark of discretion and efficiency, so characteristic of Luis Valls, which permeated both his professional activities and his actions as a philanthropist, now shines out. As we approach the centennial of his birth (which will be in 2026), the profound and vibrant legacy of social action left by Luis Valls calls for a fitting tribute.<\/p>\n

Thanks to the foundations established for that purpose, his noble desire to reach people or institutions in need continues to be a generous source of assistance. It is only natural to pay tribute to the person who made it possible for this selfless aid to reach so many people around the world .[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column column_padding=”padding-1-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/3″ tablet_width_inherit=”small_desktop” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” delay=”100″][vc_wp_custommenu nav_menu=”60″ title=”PHILANTHROPIST” el_class=”menu-lateral”][vc_wp_custommenu nav_menu=”40″ title=”THE FOUNDATIONS” el_class=”menu-etapas”][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”90px” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”2%” bottom_padding=”2%” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=”” gradient_type=”default”][vc_column column_padding=”padding-1-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/3″ tablet_width_inherit=”small_desktop” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” delay=”100″][vc_column_text css=”” text_direction=”default” el_class=”titulo-parrafo-contenido”]\n

The foundations of the Beatriz Building<\/h3>\n[\/vc_column_text][\/vc_column][vc_column column_padding=”padding-1-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top” bottom_margin=”20px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”2\/3″ tablet_width_inherit=”small_desktop” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css=”.vc_custom_1729244203586{padding-top: 10px !important;padding-bottom: 30px !important;}” text_direction=”default”]While Luis Valls was alive, he encouraged social action based on three principles, which were also three phrases he often repeated: \u201cWithout profits, there is no charity,\u201d \u201cI maintain a policy of not giving money outright,\u201d and \u201cSocial action begins with providing technical assistance before providing money.\u201d This meant that aid would primarily be structured as credit, if not exclusively as advisory services. If financing was provided, it would be under \u201csoft\u201d conditions regarding repayment terms and always aimed at those known as the \u201cunbanked,\u201d i.e., people or entities that no financial institution would serve.<\/p>\n

From the outset, all this was done without advertising and without using these initiatives to enhance personal or brand image (in this case, his role as president of Banco Popular). Luis Valls explained in the Repertorio de Temas his vision for the foundations: \u201cConsidering that banks operate in the financial sector, it is logical that all social aids provided by the foundations are structured as loans. Their terms mean that these loans are considered soft, especially when interest rates are high and money is scarce. Isolated credit operations are exceptional, as standard programs are preferably used: cooperation with universities, book programs, international cooperation, equipment, youth clubs, motor transport for rural clergy, ecclesiastical studies, etc. Another usual and interesting modality is that of scholarship loans, with even softer terms regarding repayment and interest, and with the sole personal guarantee of honor, without collateral.\u201d In general, Luis Valls did not favor donations, though he did make some. These were considered as unrecoverable grants or loans given and condoned.\u00a0\u201cThose loans where repayment is not realistically contemplated are charged directly to social works expenses,\u201d\u00a0<\/em>he said.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”90px” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”2%” bottom_padding=”2%” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=”” gradient_type=”default”][vc_column column_padding=”padding-1-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/3″ tablet_width_inherit=”small_desktop” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” delay=”100″][vc_column_text css=”” text_direction=”default” el_class=”titulo-parrafo-contenido”]\n

Fundaci\u00f3n Hisp\u00e1nica, Fomento de Fundaciones, and Patronato Universitario<\/h3>\n[\/vc_column_text][\/vc_column][vc_column column_padding=”padding-1-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top” bottom_margin=”20px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”2\/3″ tablet_width_inherit=”small_desktop” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css=”.vc_custom_1729244288334{padding-top: 10px !important;padding-bottom: 30px !important;}” text_direction=”default”]Although various forms of social action were initiated by Luis Valls from the 1950s onwards (from within and outside Banco Popular), today, the foundations known as those within the \u201cBeatriz Building\u201d are three. Francisco Aparicio, president of all three, clarifies that they operate as one. There is a unified management, and the projects are handled by one foundation or another depending on the moment and need. \u201cIn the past, there were more, but they have merged because they lost their specialized sense or their funds were depleted,\u201d he points out. The three foundations are Hisp\u00e1nica, Fomento, and Patronato Universitario.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”90px” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”2%” bottom_padding=”2%” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=”” gradient_type=”default”][vc_column column_padding=”padding-1-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/3″ tablet_width_inherit=”small_desktop” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” delay=”100″][vc_column_text css=”” text_direction=”default” el_class=”titulo-parrafo-contenido”]\n

History and evolution of the foundations<\/h3>\n[\/vc_column_text][\/vc_column][vc_column column_padding=”padding-1-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top” bottom_margin=”20px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”2\/3″ tablet_width_inherit=”small_desktop” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][vc_column_text css=”.vc_custom_1729244432928{padding-top: 10px !important;padding-bottom: 30px !important;}” text_direction=”default”]In 1957, when Luis Valls was appointed executive vice president of Banco Popular Espa\u00f1ol, the bank\u2019s social action began. Requests for help reached his office, and he wanted to address them, but it wasn\u2019t always appropriate to do so through the bank. He said: \u201cThe Bank should not give away its primary commodity, money.\u201d Taking the lead in addressing the requests for aid, he established in his proposal that directors should begin to give up their rights in order to fund social action via the forthcoming foundations.<\/p>\n

From 1970, those funds from Banco Popular were channelled to Fundaci\u00f3n Hisp\u00e1nica, which was replaced in 1981 by Fundaci\u00f3n para Atenciones Sociales (FAS), currently absorbed by Fundaci\u00f3n Patronato Universitario. From 2008 onwards, it reverted to Fundaci\u00f3n Hisp\u00e1nica until the bank\u2019s resolution. Fundaci\u00f3n Hisp\u00e1nica was created as a result of Luis Valls\u2019 desire to externalize help and detach it from the Bank, although the bank still provided a significant part of its funding . The donations received from Banco Popular are reflected in its annual accounts and may still be consulted in the CNMV today.<\/p>\n

Fundaci\u00f3n Hisp\u00e1nica maintains programs supporting Hispanic culture and continues aiding students and educational projects, such as the Academic Excellence Program, which, for many years, has been \u201cbuying\u201d good grades from students who have taken out loans, especially from private universities and colleges.<\/p>\n

In 1976, Fundaci\u00f3n Vasconia was established. It was promoted by Banco de Vasconia, a subsidiary of Banco Popular, which operated mainly in Navarra and the Basque Country. This foundation allowed hundreds of seminarians to be sent to Navarra by bishops from around the world to complete their training. This foundation no longer exists, as it was absorbed by Fundaci\u00f3n Hisp\u00e1nica in 2017 following the disappearance of Banco de Vasconia.<\/p>\n

The replacement in 1981 of Fundaci\u00f3n Hisp\u00e1nica with Fundaci\u00f3n para Atenciones Sociales as the channel for the bank\u2019s social action was due to various circumstances, one of which was the fact that Fundaci\u00f3n Hisp\u00e1nica was a Bank Trustee (its first physical representative was Arist\u00f3bulo de Juan). In 2008, with changing circumstances, it resumed its initial role.<\/p>\n

It should be noted that Luis Valls donated part of his salary directly to these foundations. For instance, in 1970, he allocated 3.5 million pesetas, and over ten years (from 1979 to 1988, inclusive), he donated 67 million pesetas. He maintained this habit throughout his life. It should be clarified that his remuneration was always significantly lower than that of his peers in other entities. In 2003, in an article in the newspaper La Vanguardia, Encarna P\u00e9rez referred to Banco Popular\u2019s donations to Fundaci\u00f3n para Atenciones Sociales and compared the salaries of bank presidents.<\/p>\n

In 1987, Patronato Universitario was founded and took over the activities of an entity established by Luis Valls called Patronato Santillana, named after the residential college in Madrid, which Luis Valls frequently visited to personally assist in training and promote an interest in communication skills among students.<\/p>\n

Since there was already a foundation called Santillana, owned by the Polanco family, owners of the Santillana publishing house, it was decided that the new foundation should be called Patronato Universitario. To this day, it has significant activities in financing students and entities. In addition to taking over programs of this type from Fundaci\u00f3n Hisp\u00e1nica and Fundaci\u00f3n Vasconia, it has expanded the redemption of loans to students.<\/p>\n

In the same year (1987), Fomento de Fundaciones was created, with initial funds mainly from Rafael Termes\u2019s inheritance. From the beginning, its vocation was to contribute to international projects; as a result, some publications refer to it as \u201cFundaci\u00f3n Internacional.\u201d When Luis Valls passed away, he named this foundation as his heir, to an amount of nearly 10 million euros, of which 6 million euros were Banco Popular shares: for years, on the 13th of each month, it was used to buy bank shares.<\/p>\n

In 2008, under the presidency of \u00c1ngel Ron, Fundaci\u00f3n Hisp\u00e1nica was reinstated as the channel for Banco Popular\u2019s social action, and part of its aid was allocated to meeting the bank\u2019s institutional commitments (see annex). The foundation was given the subtitle \u201cdel Grupo Banco Popular\u201d as it was the first major Spanish bank to promote a non-cultural foundation. At that time, it was the only bank without its name associated to a foundation, which hindered the fulfilment of some institutional commitments of the bank taken over by the foundation (see annex). This subtitle disappeared when the bank was resolved, leaving it again as Fundaci\u00f3n Hisp\u00e1nica.<\/p>\n

The donations Fundaci\u00f3n Hisp\u00e1nica received from Banco Popular resumed with the name change in 2008 but were increasingly smaller due to the crises the entity faced year after year. If it had been the equivalent of about 22 million euros a year (between Banco Popular and its subsidiaries) during the 1980s and 1990s, it fell to 12-13 million and even as low one year as 1.8 million. The donation ended in 2015, before the bank\u2019s resolution.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” zindex=”200″ overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” gradient_type=”default” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” 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Related file download:<\/h3>\n[\/vc_column_text][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”left” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”3\/4″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” column_padding_type=”default” gradient_type=”default”][carousel script=”flickity” flickity_formatting=”default” desktop_cols_flickity=”3″ desktop_small_cols_flickity=”2″ tablet_cols_flickity=”2″ 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css=”.vc_custom_1718098374132{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}”][vc_column_inner bottom_padding_desktop=”20px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_blank” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_color=”#fffefb” column_border_style=”solid” column_padding_type=”advanced” gradient_type=”default” 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column_border_color=”#fffefb” column_border_style=”solid” column_padding_type=”advanced” gradient_type=”default” column_link=”https:\/\/www.luisvallstaberner.com\/wp-content\/uploads\/2024\/08\/Redenominacion-de-la-Fundacion-Hispanica-como-Fundacion-del-Grupo-Banco-Popular-y-nombramiento-del-Patronato.-Convenio-2008.pdf”][image_with_animation image_url=”7196″ image_size=”thumbnail” animation_type=”entrance” animation=”None” animation_movement_type=”transform_y” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”custom” max_width_custom=”42″][vc_column_text css=”” text_direction=”default” el_class=”titulo-fichero”]Renaming of the Fundaci\u00f3n Hisp\u00e1nica to Fundaci\u00f3n del Grupo Banco Popular and Appointment of the Board of Trustees. Agreement 2008[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” id=”1729243959958-0″ tab_id=”1729243959959-9″ title=”Elemento”][vc_row_inner equal_height=”yes” content_placement=”top” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”10%” bottom_padding=”10%” left_padding_desktop=”10%” right_padding_desktop=”10%” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all” css=”.vc_custom_1718098374132{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}”][vc_column_inner bottom_padding_desktop=”20px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” 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max_width_custom=”42″][vc_column_text css=”” text_direction=”default” el_class=”titulo-fichero”]Use of Banco Popular\u2019s Corporate Name in Foundations[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” id=”1729243960034-3″ tab_id=”1729243960034-4″ title=”Elemento”][vc_row_inner equal_height=”yes” content_placement=”top” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”10%” bottom_padding=”10%” left_padding_desktop=”10%” right_padding_desktop=”10%” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all” css=”.vc_custom_1718098374132{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}”][vc_column_inner 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hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”custom” max_width_custom=”42″][vc_column_text css=”” text_direction=”default” el_class=”titulo-fichero”]Agreement and Collaboration Memorandum with Fundaci\u00f3n Hisp\u00e1nica[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” id=”1729243960163-9″ tab_id=”1729243960163-1″ title=”Elemento”][vc_row_inner equal_height=”yes” content_placement=”top” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”10%” bottom_padding=”10%” left_padding_desktop=”10%” right_padding_desktop=”10%” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all” css=”.vc_custom_1718098374132{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}”][vc_column_inner bottom_padding_desktop=”20px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_blank” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_color=”#fffefb” column_border_style=”solid” column_padding_type=”advanced” gradient_type=”default” column_link=”https:\/\/www.luisvallstaberner.com\/wp-content\/uploads\/2024\/08\/Acuerdo-de-colaboracion-entre-Fundacion-Hispanica-del-Grupo-Banco-Popular-y-Fundacion-para-Atenciones-Sociales-y-Fundacion-Vasconia.pdf”][image_with_animation image_url=”7196″ image_size=”thumbnail” animation_type=”entrance” animation=”None” animation_movement_type=”transform_y” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”custom” max_width_custom=”42″][vc_column_text css=”” text_direction=”default” el_class=”titulo-fichero”]Collaboration Agreement between Fundaci\u00f3n Hisp\u00e1nica del Grupo Banco Popular and Fundaci\u00f3n para Atenciones Sociales and Fundaci\u00f3n Vasconia[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” id=”1729243960289-1″ tab_id=”1729243960290-10″ title=”Elemento”][vc_row_inner equal_height=”yes” content_placement=”top” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”10%” bottom_padding=”10%” left_padding_desktop=”10%” right_padding_desktop=”10%” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all” css=”.vc_custom_1718098374132{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}”][vc_column_inner bottom_padding_desktop=”20px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_blank” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_color=”#fffefb” column_border_style=”solid” column_padding_type=”advanced” gradient_type=”default” column_link=”https:\/\/www.luisvallstaberner.com\/wp-content\/uploads\/2024\/08\/Acta-del-Consejo-del-Banco-Popular-22-06-1972-1.pdf”][image_with_animation image_url=”7196″ image_size=”thumbnail” animation_type=”entrance” animation=”None” animation_movement_type=”transform_y” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”custom” max_width_custom=”42″][vc_column_text css=”” text_direction=”default” el_class=”titulo-fichero”]Minutes of the Banco Popular Council Meeting. June 22, 1972[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/item][item simple_slider_bg_image_position=”default” simple_slider_overlay_strength=”0.3″ simple_slider_bg_image_loading=”default” id=”1729243960417-9″ tab_id=”1729243960418-6″ title=”Elemento”][vc_row_inner equal_height=”yes” content_placement=”top” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” top_padding=”10%” bottom_padding=”10%” left_padding_desktop=”10%” right_padding_desktop=”10%” text_align=”left” row_position=”default” row_position_tablet=”inherit” row_position_phone=”inherit” overflow=”visible” pointer_events=”all” css=”.vc_custom_1718098374132{padding-top: 20px !important;padding-right: 20px !important;padding-bottom: 20px !important;padding-left: 20px !important;}”][vc_column_inner bottom_padding_desktop=”20px” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_blank” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_color=”#fffefb” column_border_style=”solid” column_padding_type=”advanced” gradient_type=”default” column_link=”https:\/\/www.luisvallstaberner.com\/wp-content\/uploads\/2024\/08\/Informe-de-Luis-Valls-al-Consejo-al-aceptar-nombramiento-como-presidente.-22-06-1972.pdf”][image_with_animation image_url=”7196″ image_size=”thumbnail” animation_type=”entrance” animation=”None” animation_movement_type=”transform_y” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”custom” max_width_custom=”42″][vc_column_text css=”” text_direction=”default” el_class=”titulo-fichero”]Report by Luis Valls to the Council upon Accepting the Appointment as President. 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