Spanish foundations mostly young and small

There are currently 12,921 charitable foundations registered in Spain, of which 70 per cent are active. The annual average number of new foundations in Spain has grown since the early 1990s, the sector being mostly composed of ‘young’ organizations. These are among the findings of a report compiled by the Institute for Strategic Analysis of Foundations (INAEF), the first to provide basic data on the socioeconomic importance of the Spanish foundation sector.[1]