Jean-Claude and Laurent Fayat are delighted to announce the creation of the Clément Fayat Foundation, through which we hope to act for three causes shared by our family.
Recognised as being in the public interest, the Clément Fayat Foundation is a shareholding foundation, providing for the long-term future of the Group and safeguarding its independence.
This public interest shareholding foundation is a long-term, open-ended structure. Thanks to its shareholding status, the Clément Fayat Foundation holds a portion Fayat Group capital irreversibly and progressively. Its resources come mainly from the Group’s operational activities and will guarantee the financial independence which is essential to the execution of its missions. Each employee thus contributes to the success of the Foundation’s missions.
A representative of the State will oversee the proper management of the Foundation’s funds.
Among the 2,300 foundations of various statuses based in France (including public interest, corporate, university and scientific cooperation foundations, etc.), only 4 are public interest shareholding foundations. This is an innovative type of structure which meets the wishes of donors to ensure the longevity of the Foundation's actions, with the system of equity security endowment demonstrating this long-term engagement.
This form of stable, long-term, public interest shareholding also guarantees the independence of the Group, without affecting the management of the Group's operational activities. The Foundation is built on the values that have driven the Fayat family for more than 60 years.