Almo Nature will be donated to the Capellino Foundation
April 23, 2018
Signing of the deed of incorporation
July 27, 2018
Before the recognition by the prefecture, the Statute underwent several modifications, among which, was a substantial one that will open the Foundation’s assembly (the Assembly of the Objectives) to the people.
The Foundation has one single goal — that is to safeguard biological diversity and to protect dogs and cats.
From the January 1, 2018, and onwards, the profits accrued by selling Almo Nature products will be at the disposal of the Capellino Foundation — meaning that they’re at the at the disposal of animals and biodiversity.
Indeed, Almo Nature is owned by the animals (property of the animals and biological diversity).
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.
*what remains (surplus, balance, difference) after normal business management expenses are deducted from the revenue accrued from product sales
November 5, 2018
The Fondazione Capellino was acknowledged by the Prefecture of Genoa.
November 28, 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. Click here below to see the original documents (Italian only).
Tax authority’s reply