What is Vadevalor Foundation?
Vadevalor Foundation is a virtual space where we provide information about charities. We have decided to start our efforts focusing on Spanish accredited NGOs, that is, those which comply with the 9 Standards of Transparency and Best Pratices by the Fundacion Lealtad.
What is the purpose of this initiative?
In the same way as we gather information about those equity fund managers who have achieved outstanding results, we want to learn more about the main NGOs across Europe and Globally. It can be useful so that those who decide to donate money are better informed and know more about the main activities of the NGOs.
As Salvador Garcia Atence explains, as Fundacion Lealtad cofounder, the NGOs work in an uncompetitive environment in which they don’t have as much pressure as companies to be efficient. That’s why it is especially important that donors are aware of how the NGOs have spent their money and that the organisations make the most of their granted resources and are transparent.
Why are donations to charities important?
As Bill Gates says, there is no other system better than the market economy to take advantage of everyone’s self-interest, generate innovations and boost economic growth. However, capitalism doesn’t generate incentives to meet the needs of the poorest people. Entrepreneurs don’t develop products or services for people who can’t afford to pay for them and governments don’t have unlimited budgets to help everyone who needs help.
Some millionaires have decided to donate a big share of their wealth, explaining that even if they kept the money, their happiness or well-being wouldn’t change, but the impact on society of their donations is huge. Thousands of people who are not millionaires, decide to contribute to help others who are less fortunate, which we think it has even more merit.
We want a society in which anyone, regardless of their nationality or gender, can prosper and have a decent life. We believe that thanks to technologies and social media, more people will join forces to help each other and that we will be prouder of our society as time goes by.