The AlphaOmega Foundation and Groupama Asset Management have entered into a major philanthropic partnership to accelerate the re-launch of social mobility through education.
This partnership, which is fully in line with Groupama-AM's socially responsible investment strategy, will result in a donation of 700,000 euros per year over a three-year period. The capital committed will be used to finance the structuring of the 7 educational associations supported by AlphaOmega.
"By choosing to invest in associations through us, Groupama-AM is guaranteed to maximize the social impact of the capital invested", says Elisabeth Elkrief, AlphaOmega's Executive Director. "We provide our associations with the financial, strategic and operational support essential for their growth, leveraged by the support of the most reputable financial backers and skill patrons, such as Oliver Wyman or Devoteam". This agreement confirms Groupama AM's desire to act on a larger scale in education, which is "a pillar for solving future societal challenges" according to Jean-Marie Catala, Deputy Chief Executive Officer of Groupama AM.
A convergence of visions between the 9th largest asset management company in France and the pioneer of Venture philanthropy, which is a real boost to the change in scale of associations and should enable them to double the number of young people supported in their academic careers in all territories.