The board of trustees and the board of the Foundation Ricardo Espirito Santo (FRESS) decided on the afternoon of Thursday searching “ensure economic sustainability” of the institution following the crisis in the Espírito Santo Group. This, together with Banco Espírito Santo, was the main patron of the foundation that aggregates the Decorative Arts Museum and its collection, training schools and workshops on important conservation and restoration in Lisbon.
The purpose of the meeting was to establish the position of the members of the board of trustees, the principal organ of FRESS decisive in the future of the foundation that had the BES as both his patron and financier – whose crisis brought “profound changes in the model to finance current activities of the foundation, “the statement need the board of trustees. On the same note, “the Trustees, in collaboration with the board of the foundation,” says he, “to analyze various scenarios and to develop a set of actions to ensure the economic, financial and institutional sustainability of the Spirit Foundation Ricardo Santo Silva, which will be disclosed in due course. “
A meeting was held this afternoon in Lisbon, chairing the board of trustees José Manuel Pinheiro Espírito Santo Silva. The board of trustees is still composed of José Maria Espírito Santo Silva Ricciardi, Espírito Santo Nuno Leite de Faria, João Maria Bustorff (Minister of Culture in the Government of Santana Lopes and granddaughter of the founder) and Maria Salgado Pope Almeida de Carvalho, representatives of branches the founding family, and João Marques Pinto, Louis Patrick, Francisco Murteira Nabo, former president of Galp and PT, and councilor of Culture of the Municipality of Lisbon Catarina Vaz Pinto – who knew PUBLIC, was not present for reasons agenda. The board of directors is chaired by FRESS Luís Calado, who chaired the institute ancient heritage.
The foundation is a private institution with the status of public interest, created in 1953 when Ricardo Espirito Santo donated Azurara Palace (the Portas do Sol, in the historic center of Lisbon) and part of his private collection of fine and decorative arts to the Portuguese State, creating the museum-school and 18 restoration workshops in gilt, furniture, tile, and carpet binding arraiolos. Its statutes say that it is the board of founders, “mostly made up of representatives of the founding family and personalities of recognized merit in cultural circles”, “define the structural lines of the strategy,” “ensure the perpetuity of the foundation” and “follow the current management “of the same.
The foundation has its own revenue through conservation and restoration of school fees or services, but the patronage is an important factor in their accounts to cover operating expenses of the institution awarded the Europa Nostra European Cultural Institution Award 2013 The need to invest in a more sustainable management model was being FRESS topic in recent years, particularly in the report and accounts for 2012, as reported on Thursday the Observer , and the public statements of Louis Draught in the same year, when he met the 59 years of FRESS and when the cuts of 30% of contributions to the foundations of the state were announced.
November 2013, and following the changes arising from the Framework Law on Foundations, the statutes of FRESS have changed, leaving the Government to appoint the president of FRESS left the state and the governing bodies of the foundation.
The FRESS that still tutelage School of Decorative Arts and the Institute of Arts and Crafts, aims to “protect and promote the Portuguese decorative arts and crafts related to them,” as we read in the presentation of the mission FRESS your site .
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