Fondazione Cariplo is an independent non-profit foundation based in Milan, Italy. Established in 1991, the foundation provides grants to third sector organizations for the realization of social projects. Fondazione Cariplo operates in four areas, which includes, environment, art and culture, scientific research and human services. The assets of the foundation are managed by the executive management team.Fondazione Cariplo's investment portfolio is valued at EUR 7.87 billion, with investments in private equity, real estate, infrastructure, natural resources, publicly-traded equity, fixed income, and cash.