Pequeno Príncipe launches endowment fund with initial investment of US$ 600,000
Futurin aims to guarantee the financial sustainability and longevity of the institution’s health assistance, teaching and research activities
The Pequeno Príncipe Complex has just launched its endowment fund, the Futurin – Funds for Life, which was created with an initial investment of US$ 600,000, part of which was raised from external investors. The fund’s goal is to raise US$ 5 million by 2030, consolidating an independent and solid financial model that guarantees the perpetuation of the institution’s mission, sustainability and longevity of the philanthropic organization that brings together the Pequeno Príncipe Hospital, the Pelé Pequeno Príncipe Research Institute and the Pequeno Príncipe College, forming a virtuous circle between health assistance, teaching and research.
Futurin was established with a robust governance model, consisting of a board of directors formed by independent members, including the presidency. The structure includes an investment committee, responsible for making decisions on financial investments, a philanthropic advisory committee, which is responsible for carrying out mobilization and networking actions, and an audit committee, which will be responsible for financial balance. Administrative management and compliance with the bylaws are the responsibility of the Executive Board, headed by Cássia Morghett.
Prominent figures in the corporate and philanthropic scene, such as José Luiz Egydio Setúbal (from José Luiz Egydio Setúbal Foundation) and Sylvia Brasil Coutinho (UBS Group AG), have already confirmed their participation in the board of directors. Juliana de Paula (BTGPactual), Daniele Giacomazzi Behring and Amalia Spinardi Thompson Motta will be on the Philanthropic Committee. Futurin will be managed by UBS Bank on a pro bono basis until it reaches the first US$ 2 million.
“I am now part of the Pequeno Príncipe team. I was very pleased to receive this invitation and I believe that the fund will be an important step forward for the institution’s sustainability. I hope to be able to contribute with my experience so that this fund can grow as quickly as possible,” said José Luiz Egydio Setúbal at the Futurin launch event.
BTG Pactual’s director of Social Responsibility, Juliana de Paula, said she believes in Pequeno Príncipe’s ability to influence the mindset of many supporters of healthcare endowments, since there are few endowment funds in this area in Brazil. “Today, I am in a philanthropic position at a large bank and I feel that I can help by building bridges between the Hospital and individuals and companies that want to support healthcare. The launch of Futurin is a demonstration that Pequeno Príncipe is looking ahead, a true legacy-oriented approach,” she emphasized.
Sustainable future for health and research
Well-established in countries such as the United States, endowmentshave been spreading in Brazil over the last ten years, mainly linked to educational activities. “Futurin represents a new chapter for children and adolescent health in the country. We want to create a legacy that ensures the quality of pediatric care, the advancement of scientific research and the training of specialized professionals in Brazil,” highlighted Ety Cristina Forte Carneiro, executive director of Pequeno Príncipe Hospital.
Futurin is a response to the underfunding of the SUS and the growing investment in research, factors that have challenged the sustainability of Pequeno Príncipe. It represents a strategic solution to reduce dependence on public resources, that no longer fully cover the costs of services provided to the community, especially via the Brazilian Public Health System (known as SUS).
The Hospital serves 60% of its patients through SUS. For every US$ 20 invested in care, only US$ 11.38 is transferred, resulting in a gap of 43%. In 2023, it recorded a deficit of over US$ 14 million, without considering the resources raised, signaling the urgency of a financial mechanism that would allow greater stability. Research activities, on the other hand, are fully funded with resources raised in public notices or through private social investment initiatives.
The fund’s resources will be addressed to the areas of activity of the Pequeno Príncipe Complex, with 45% for health assistance actions, 35% for teaching and research, and 20% for one health initiatives, a concept that encompasses a multissetorial and transdisciplinary approach integrating the health of people, animals and ecosystems.
To learn more about the Futurin, visit here or speak to the executive director, Cássia Morghett, by +55 (11) 99557-7994 or by email cassia.morghett@hpp.org.br.
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