“Ferrovial Together COVID-19” Fund
We have set up the “Ferrovial Together COVID-19” fund with an endowment of up to 10 million euros to raise proceeds for the fight against the pandemic.
We will make an initial contribution of 5 million euros. At the same time, we have launched a fundraising initiative among employees, directors, shareholders, collaborators, suppliers and anyone else who wants to participate to increase the amount. We will double the amount raised until our contribution reaches a maximum of 10 million.
The “Ferrovial Together COVID-19” fund will be used to make donations to the Health Administration, hospitals, universities, research & development centers, and NGOs in a series of specific projects. These projects will focus on the acquisition of medical supplies and medical equipment and the investigation of pharmacological solutions or vaccines to combat the effects of the pandemic caused by the COVID-19 virus. The company will also donate funds to help vulnerable groups or those at risk of exclusion as a result of the current health crisis. The awarding of the funds will be done with full transparency, indicating the beneficiary entity and the project.
For this purpose, the following accounts listed below have been opened under the name “Ferrovial Together COVID-19” at Bankia.
- In the USA, you can donate through this link or transfer an order to this account number : United States: BBVA. Ferrovial Holding US.- (SWIFT: CPASUS44) ABA/Routing No. 062001186 Account No. 6750651427
- United Kingdom: Royal Bank of Scotland. Ferrocorp UK Limited.- Sort Code. 160400 Account No. 10909432
- Portugal: Ferrovial Agroman, S.A. – Balcao nº: 322 Nº conta: 20 000148 1 IBAN: PT50 0019 0322 0020 0001 4819 3 BIC/SWIFT: BBVAPTPL
If you are interested in declaring the donation in your 2021 tax filing, please find the relevant information below.
Distribution of the first tranche of donations
Today, May 8th, 2020, we have announced the distribution of the first tranche of the “Ferrovial Juntos COVID-19” fund, amounting to €3.47 million, to institutions fighting the pandemic in the social, healthcare and research fields in Spain, the United Kingdom and the United States.
The distribution of funds by countries to date is as follows: Spain, €2,510,000; United States, €650,000; and the United Kingdom, €310,000.
Donations for healthcare equipment
In the area of healthcare, the company has allocated €2 million for the acquisition of healthcare equipment, with the distribution being as follows:
|Salud Madrid (Spain)||1,000,000||300,000 FFP2 masks 70 respirators|
|Servicio Andaluz de Salud (Spain)||375,000||150,000 FFP2 masks|
|Servicio Gallego de Salud (Spain)||200,000||80,000 FFP2 masks|
|Agencia Valenciana de Salud (Spain)||200,000||80,000 FFP2 masks|
|Servicio de Salud de Castilla-La Mancha (Spain)||125,000||50,000 FFP2 masks|
|Servicio Cántabro de Salud (Spain)||100,000||40,000 FFP2 masks|
|National Health Service (United Kingdom)||60,000||20 respirators|
This pandemic is having a considerable impact on vulnerable families in need of immediate support to cover basic needs such as food, hygiene products and medicines, so the company has decided to allocate €1 million of this first tranche to support prestigious institutions working in this area. Additionally, a donation of €10,000 has been made to Fundación del Colegio de Ingenieros de Caminos to support professionals directly affected by the pandemic. The distribution of this donation is as follows:
|Cáritas (Spain)||250,000||Aid for families, elderly and homeless in Alcalá de Henares, Getafe, Huelva, Madrid, Málaga, Santander, Santiago de Compostela, Sevilla, Valencia|
|Fundación Colegio de Caminos (Spain)||10,000||Aid of member affected COVID-19|
|The Trussell Trust (UK)||150,000||Food Bank of Vauxhall, Glasgow, Sheffield, South Liverpool, Cardiff.|
|SSAFA Emergency Response Fund (UK)||50,000||Aid to vulnerable personnel of the British Armed Forces|
|Lighthouse Construction Charity (UK)||50,000||Aid to Construction workers|
|Food Bank (USA)||500,000||Foundation for Fairfax Public Schools (VA); Houston Food Bank, Tarrant Area Food Bank, North Texas Food Bank, Central Texas Food Bank (TX); Atlanta Food Bank (GA); Kern County Food Bank (CA); Second Harvest (NC)|
Donations for research
The final part of this first tranche, amounting to €400,000, will support research to develop a vaccine for the SARS-CoV-2 coronavirus, which is the cause of the COVID-19 pandemic. Spain’s National Center for Biotechnology, which is part of the Spanish National Research Council (CSIC), will receive €250,000 for two vaccine development projects. One is based on reconstructing the virus genome from chemically synthesized DNA fragments. The second seeks to develop a vaccine based on the S protein. Another center that will also benefit from these funds, with a contribution of 150,000 euros, is Baylor University, in Texas, which is currently working on a vaccine to modify the virus proteins. The distribution of this donation is as follows:
|Centro Nacional de Biotecnología (CSIC) (Spain)||250,000||Research for two vaccine development projects|
|Baylor University (Houston. USA)||150,000||Research for vaccine development project|
How to declare the donation on your 2021 tax filing
Procedures to declare the donation
If the donor of the Ferrovial Juntos COVID-19 Fund wishes to apply the deduction for donations applicable to personal income tax, he or she must send an email to email@example.com:
- Name and surname(s)
- Proof of the transfer of the donation
Details for United States
Personal Income Tax – In general, donations made by Ferrovial US employees or other individuals to qualified organizations (e.g. foundation organized and operated exclusively for charitable purposes, church or other religious organization, etc.) may be deducted from the Personal Income Tax up to 50% of the adjusted gross income. For applying this deduction to individual benefactors, Ferrovial should be able to obtain from the beneficiary entities the corresponding receipts with the identification of the benefactors.
Details for United Kingdom
Personal Income Tax – Donations to charity from UK individuals can get tax relief if they are made through: i. Gift Aid: it can be claimed on most of donations and gives the donor the benefit to claim an extra 25p for every £1 he donates. ii. Payroll Giving (i.e. through the donor´s wages or pension): since these donations happen before Personal Income Tax is deducted from the donor´s income, the tax relief obtained would depend on the rate of tax the donor is subject to. To donate £1, the donor pays (a) 80p if the donor is a basic rate taxpayer, (b) 60p if the donor is a higher rate taxpayer or (c) 55p if the donor is an additional rate taxpayer.
Details for Portugal
Personal Income Tax – Donations made by Ferrovial Portuguese employees or other individuals may be deducted from the Personal Income Tax in an amount corresponding to 25% of the assigned amount, up to a limit of 15% of the total taxable income. For applying this deduction to individual benefactors, Ferrovial should be able to obtain from the beneficiary entities the corresponding receipts with the identification of the benefactors.
Together against COVID-19
Our different activities during the crisis.