The Foundation grants economic aid, co-finances certain cultural activities and attends to any other needs that the Board of Trustees considers appropriate within the framework of its foundational aims, preferably providing reimbursable aid.
In this sense, since 2010, when the Bancor brand began to be used, the Foundation has continued to keep the name of the Programmes, as it has reached out to its beneficiaries and is very easy to identify. These programmes are as follows:
Bancor del Libro Program: The Program understands that reading is an essential activity in every man, whatever his age: it makes man more understanding, more tolerant, more supportive, more sensitive, more robust, it teaches him to love better, to laugh. The Program seeks precisely to allow this essential activity to continue for economic reasons by granting grants for the endowment of Cultural Centers Libraries, be they Athenaeums, Colleges, Cultural Associations, Clubs, Academic Centers of High School or University, etc..
Bancor Scholarship Programme for young teachers: The Programme aims to contribute to the necessary task of showing the true impact of education on society. Aware of the importance of practising the profession of teacher, the Foundation proposes the granting of annual grants to educational institutions for the recruitment of recent graduates for the development of teaching practices and the development of those who have already begun in that world and need to deepen, in order to encourage those positions to occupy the best endowed and to do so convinced that what they do is not trivial but much more.
Bancor Program of Academic Excellence: The purpose of this program is to take advantage of the pre-university and university period, facilitating study, encouraging effort and promoting the substitution of work for greater dedication to study. And this, because it understands that it is during these formative periods where students become available to get to know each other in a more certain way, to verify if the path they choose is in accordance with their values, objectives and personal tendencies; to know what it is good for or better, to develop and optimize their gifts and talents; to move them away from the idleness of “not having anything to do”; because studying keeps our mind vibrant, active and ready to successfully face the daily challenges of life.
Bancor Cultural Entities Equipment Program: contemplates the granting of co-payments to Educational Centers, Colleges, and other similar institutions for the beginning, adaptation or improvement of their facilities.
Summer Activities Bancor Program: The Program intends to be an aid for those Foundations and Cultural Associations that organize cultural activities during the summer, with the purpose of facilitating that the last beneficiary -the student, and attending to the excellence of his expediente- can attend and participate in these activities.
Bancor Program of Teaching Excellence: Through this Programme, the Foundation supports those Educational Centres that seek to provide financially assistance and participation in specialised courses to those teachers, with proven experience, who wish to deepen and grow as professionals.
In addition, the Foundation proposes other possible formulas for aid:
- Reimbursable grants. Temporary and free transfer of the necessary resources to cover extraordinary expenses or initial investments. Reimbursement terms are established, as well as the moral commitment to accelerate said amortization if the beneficiaries were in a position to do so. They may take several forms.
- Study grants: finance educational and training programmes for foreign students who undertake to repay these grants when they have completed their studies.
- Non-repayable grants. Definitive transfer of resources to meet needs which, by their nature, make it foreseeably impossible to repay the aid received.
With this type of aid, the Foundation proposes specific criteria for action. The aid always seeks to stimulate the initiative of the beneficiaries. They must contribute their effort and commitment through viable and appropriate action plans. In the study phase, the projects always have the technical assistance of the Foundation. Financial aid will only be provided when the coherence and viability of the project is reasonably assured. In the case of reimbursable aid, it is part of the beneficiaries’ obligations to repay the loan as soon as possible, anticipating whenever possible the initially agreed terms. The Foundation manages the resources seeking the greatest economy of means, without exceeding what is really required by each specific project.