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Letter from the
chairman of the Board of Trustees

The Foundation

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Map of Results

In 2018, 23 projects were part of our portfolio, distributed among our four priorities: mobilize leadership, improve early childhood education, strengthen child care, and raise awareness of society. To achieve the desired impact, we set goals for each of these initiatives – and this map reflects how much we achieved with the actions developed throughout the year (maximum value: 120%).

Support for the cause

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Transparency

Since the beginning of its activities, Maria Cecilia Souto Vidigal Foundation has been audited by an external and independent company. The Foundation's financial reports for 2018 were approved by external auditors, with no exception or reservations. The financial statements, the reports, and the related explanatory notes can be found at this link.

The Foundation's excellence of governance provides internal clarity and aims at a steady and progressive improvement of operational management, which translates into tangible results. In 2018, more than 9 million BRL was co-invested in projects, which made the Foundation advance in the mission of developing the child to develop society.

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Financial Management

Use of the Foundation annual budget (in millions of reais)

0,7
million

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in 2016

0,9
million

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in 2017

0,3
million

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in 2018

How the budget was invested

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17,5 million

for projects.

28,6% growth in the last two years

17,5

9,5 million

in co-investment
for the early childhood development cause

17,5
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Efficiency

The efficiency ratio is used as a measure of the effectiveness of the Foundation's resources. It expresses the relationship between operating expenses and the amounts allocated to the Foundation's initiatives.

In 2018, the allocation of the data that compose the efficiency index was revised. A new criterion for calculating budgetary expenditures was established and applied to the historical series.

For every 100 BRL invested by the Foundation, 74,7 BRL were put in initiatives that benefit our cause

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R$10

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R$20

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R$30

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R$40

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R$50

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R$60

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R$70

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R$80

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R$90

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R$100

Co-investment

The Foundation has joined forces and, with the support of partners, has been able to leverage early childhood development initiatives, reinforcing the certainty that together we can go further.

R$ 0,0 million

in co-investment

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Contribution: donations or sponsorships received from partners and operated by the Foundation

Return: resources that the Foundation coordinates within the network so that the partners can invest directly in the projects

Our partners invested 66.8 BRL for each 100 BRL invested in projects by the Foundation

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R$10

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R$20

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R$30

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R$40

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R$50

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R$60

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R$70

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R$80

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R$90

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R$100

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Endowment

The endowment is the funding model used for all activities - the resources invested come from the equity of Maria Cecilia Souto Vidigal Foundation. Each year, the control mechanisms are improved to guarantee risk management efficiency and financial sustainability for the continuity of the endowment.

The Foundation's endowment has representative governance and transparent processes. It is managed by outsourced companies selected and contracted by Maria Cecilia Souto Vidigal Foundation among those with recognized competence, credibility, and financial soundness. These companies are responsible for implementing their mandates (in accordance with the investment policy).

In 2018, the Foundation's endowment obtained a 1.32% higher yield than expected (National Wide Consumer Price Index, known as IPCA,+ 4.5%), despite the weaker pace of the Brazilian economy recovery and the high volatility of financial assets throughout the year.

The use of resources from the Foundation's endowment is approved annually by the Board of Trustees, based on a budget prepared by the team, with the follow-up of the Investiment Committee and the curator of foundations of the São Paulo Public Prosecutor's Office (Ministério Público de São Paulo).

Balance Sheet

As of December 31, 2017 and December 31, 2018 – in
thousands of reais

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In the News

We are active in maintaining early childhood development relevant, broadening the debate about the importance of development in the first six years of a child's life, and encouraging journalists to place the needs of Brazilian families in the forefront of discussions. In 2018, we gained prominence in the press and, of the total of insertions that we had, 10% were in TV; 28% in newspapers and magazines; and 62% in online outlets. Throughout the year, 796 articles mentioned the Foundation and 390 were published addressing our two priority topics: child education and parenting. Here are some examples:

Our History

It's more than 50 years of history. A history marked by insights and renovations. The first steps of our trajectory were linked to a tribute: the motivation of banker Gastão Eduardo de Bueno Vidigal and his wife, Maria Cecilia Souto Vidigal, who founded the Foundation in 1965, in memory of their daughter, Maria Cecilia, who died at the age of 13, of leukaemia. Encouraging research in the field of haematology is what moved the Foundation until 2001. It all started with a laboratory in partnership with the University of São Paulo School of Medicine (USP) and, for almost 40 years, we have been working to promote research, translation, and dissemination of knowledge in such area.

In 2007, a new chapter in our story began, and since then, we have embraced the cause of early childhood. However, to this today, and in respect to the will of its founder, the Foundation still contributes to the field of haematology – including a partnership with Hospital das Clínicas in São Paulo. In 2018, we collaborated in the renovation of the areas of clinical immunohematology as well as the hospital's bone marrow cryopreservation room and laboratory, allowing better tissue storage.

We also started the implementation of P-TET - Pediatric Educational Instrument for Thrombosis, a card game that aims to inform children and families about the importance of following the treatment correctly, therefore making it more effective. The material will be provided in 2019.

Governance and Team

To achieve all these results, we count on an engaged team and the commitment of our boards and committees. We work together to transform the reality of early childhood in Brazil and contribute to children's full development.

Partners

Federal Government

State Governments

Municipalities

Álvares Florence, Américo de Campos, Apiaí, Barra do Chapéu, Boa Vista, Caraguatatuba, Cardoso, Cosmorama, Floreal, General Salgado, Ilhabela, Itaóca, Itapirapuã Paulista, Macaubal, Magda, Monções, Nhandeara, Parisi, Pontes Gestal, Ribeira, Riolândia, São Paulo, São Sebastião, Sebastianópolis do Sul, Ubatuba, Valentim Gentil, Votuporanga.