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A new model of giving back to nature

January 2018

The declaration is signed:

Almo Nature will be donated to Fondazione Capellino

Dear friends,

I would like to anticipate a choice that, the result of an inner journey, establishes a new starting point for myself and for the company that until today I have driven.

In the coming months I will transfer, with retroactive effect on the profits (dividends) accrued since 1 January 2018, the entire property of Almo Nature to a Foundation, established with the sole purpose of promoting projects in defense of dogs, cats and of biodiversity.

In the coming months I will transfer, with retroactive effect on the profits (dividends) accrued since 1 January 2018, the entire property of Almo Nature to a Foundation, established with the sole purpose of promoting projects in defense of dogs, cats and of biodiversity.

Pier Giovanni

Founder of Almo Nature

What is the mission of Fondazione Capellino?

It will represent all those who share our values. It is a tool for giving a voice to those who care about their companion animals and biodiversity. It is a new model to improve the quality of life, for nature and the people who work with us.The foundation will have its own projects, will participate in third-party projects and will manage the projects previously established by Almo Nature.

April 2018

Pier Giovanni signed the deed of incorporation

The solidarity projects will be further developed using the accrued profits (dividends) from 1 January onwards, once all assets that belong to Almo Nature have been transferred to the foundation.

However, the formal handover is currently awaiting execution due to legislative processes in Italy. To continue, the Italian government has to approve the reform of the service industry (for non-profit associations), which does not include specific regulations for foundations, but this is currently hampered by the ineffectiveness of the government and the parliament.

What is the mission of Fondazione Capellino?

The foundation will be Almo Nature's only owner, thus creating a new company model that we could call solidarity capitalism. Indeed, it will be owned by the animals and all the humans that will share the same solidarity values.

Who will own the Foundation?

The foundation has no owners, neither physical persons nor legal entities, its sole owner is its purpose: the defence of dogs and cats and the safeguarding of biodiversity.It will account for its actions before the public authorities through its governance. The founder's only right is to be lifelong member of the Board. The foundation will not distribute benefits to any private individual, and in the event of dissolution of the foundation, its assets will become the property of the state.

july 2018

The statute is published

Before obtaining the prefecture’s recognition, the statute underwent several modifications, including a very substantial one that will open the foundation’s assembly meeting (the assembly of the objectives) to the people.

What does it mean to be this new kind of company in the pet food market?

Our main interest is to produce the best food for dogs and cats. We want every cat and dog parent to know that they are feeding their companions quality food, and that their purchase benefits other animals and nature. That is why we initiated Fondazione Capellino and combined the two entities. The foundation has an innovative socio-economic model: a non-profit foundation (Fondazione Capellino) with the sole objective of defending dogs and cats and preserving biodiversity, merged together with a company (labor + financial capital + branded products), whose profits allow it to pursue an aim of general interest. This way, the animals, as well as the customers are the ultimate beneficiaries of Almo Nature.

july 2018

Acknowledged by the Prefecture of Genoa

On November 5, 2018 the Fondazione Capellino was acknowledged by the Prefecture of Genoa.

Who will be in charge of the Foundation?

The foundation will be governed by its board and will uphold its own statutes, operating in full transparency, and subject to the scrutiny of the general public and public authorities.It will publish an annual financial report that includes a balance of account and list of all achievements.

july 2018

Application for transfer submitted to Ministry of Finance

As soon as the submitted application, including the established budget, is approved by the Italian tax authorities, we will be able to transfer all properties belonging to Almo Nature to the Fondazione Capellino. This has no further consequences for the profit* that has been accrued for the foundation since January 2018.

We had to make further enquiries to the Italian Ministry of Finance in regards to our fiscal status, due to the fact that our type of organisation is uncommon in Europe. The authorities replied to our request with a range of additional questions for us. We will formulate our response and reply to the authorities within the next ten days, clarifying the structure of our foundation and providing transparency in regards to our funding – which is also one of the cornerstones of the foundation.

* what remains (surplus, balance, difference) after normal business management expenses are deducted from the revenue accrued from product sales

Is this just for tax purposes?

No, not at all. The foundation will be a non-profit commercial corporation and will pay full company taxes. In addition, the process of donating all Almo Nature’s shares are subject to a 8% donation tax, so it comes at a cost.

FAQ about Fondazione Capellino

  • What are the current projects of the Foundation?
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  • Almo Nature is a pet food producer that now wants to protect animals through the foundation. isn't this a contradiction?
    Lorem ipsum dolor sit amet, consectetur adipisicing elit. Iusto, ipsam harum assumenda, at earum atque id, sed est nostrum quas dolor soluta autem! Consequuntur ducimus recusandae beatae earum, unde ab.
  • How is the Fondazione Capellino financed?
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  • How can i be part of the Fondazione Capellino?
    Lorem ipsum dolor sit amet, consectetur adipisicing elit. Iusto, ipsam harum assumenda, at earum atque id, sed est nostrum quas dolor soluta autem! Consequuntur ducimus recusandae beatae earum, unde ab.
  • Isn't this just a marketing strategy?
    Lorem ipsum dolor sit amet, consectetur adipisicing elit. Iusto, ipsam harum assumenda, at earum atque id, sed est nostrum quas dolor soluta autem! Consequuntur ducimus recusandae beatae earum, unde ab.
  • Why was the fondazione capellino founded as a "commercial institution without profit" and not a "non-profit organisation?"
    Lorem ipsum dolor sit amet, consectetur adipisicing elit. Iusto, ipsam harum assumenda, at earum atque id, sed est nostrum quas dolor soluta autem! Consequuntur ducimus recusandae beatae earum, unde ab.

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