The Amancio Ortega Foundation announced this Monday that it was making a fund of 100 million euros available to social services in municipalities affected by DANA.
In a press release, the entity that bears the name of the founder of the Galician textile giant Inditex explains that The funds are intended to support citizens “in their most immediate needs”.
“The Foundation will work with the relevant administrations to ensure that aid is channeled to the people concerned in the most agile, rapid and efficient way,” he concludes.
For its part, Inditex, the group founded by Ortega, donated four million euros to the Spanish Red Cross and Cáritas Española, 2 million each, to help cover the basic needs of vulnerable or excluded people affected by DANA which hit communities like Valencia, Castilla-La Mancha or Andalusia, according to the two NGOs reported last week.
Inditex thus responded to the request transmitted by third sector entities with which the textile company maintains a stable relationship, which launched a public appeal for the collaboration of companies and citizens to help those affected by DANA.
Furthermore, Inditex will help channel voluntary contributions from its employees to both entities. The group also made itself available to these organizations to contribute clothing, shoes and household products depending on the evolution of the disaster.
Inditex dividends
In another order of things, The founder and largest shareholder of Inditex will receive a total of 2.845 million euros in dividends this year of the company after collect 1,422.5 million euros this Monday for the last remuneration of the year that the Galician company will pay to its shareholders.
Concretely, the businessman will receive this year more than 2.8 billion euros in dividends from the textile company, above the 2.217 million he received for this concept last year.
In total, the company will reward its shareholders this year with around 4.8 billion euros, after increasing the dividend by 28%, to 1.54 euros per share.
