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Hub for Educational Development

Endowment, budget, and administrative expenditure

In 2000, Itaú established an endowment funded by donations of its own money and shares of the Itaú conglomerate.

The annual budget of Itaú Social consists of the yield from the investment of this endowment. The amount invested in 2020 was R$ 159 million.

For efficient management, we use an indicator that limits administrative costs to 5% of the total amount invested in programs and projects.