At IEnova we are driven by that strong commitment to contribute to the wellbeing of communities, a characteristic that has distinguished us since we first began operating 20 years ago. Correspondingly, in April 2015 we created Fundación IEnova.
Fundación IEnova, A.C. is a second-tier foundation, with a permit to make donations that is authorized by the Mexican Internal Revenue Service (Servicio de Administración Tributaria, SAT). Fundación IEnova operates with the goal of strengthening the impact of the economic and human resources we invest in the communities in which we operate and to which we belong.
To this end, we focus on supporting those projects that require our collaboration the most, that bring greater benefits to the community in the middle and long-term, and that are consistent with the four pillars on which the actions of the Foundation are based: education, environment, vulnerable groups, and community services.
In 2018, Fundación IEnova awarded USD$688,241* in donations, an amount that allowed us to support 12 organizations and 24 projects as well as to carry out two in-kind donations, in 12 cities in 10 states in Mexico.
In IEnova, we manage economic and human resources we allocate to our social commitment are managed through Fundación IEnova, a series of Trusts linked to our main projects already in operation and under construction, as well as the social projects done by the projects under construction in collaboration with our joint ventures.
To learn more about our performance and impact of our operations on communities, we invite you to read the Social Commitment section of our 2018 Sustainability Report available at Reports and Policies.
* $13,546,576 pesos at the official exchange rate of $19.6829 pesos per USD$1.