Report 2012

The Calouste Gulbenkian Foundation fulfils the rule of transparency in the rendering of accounts. This is a maxim by which it has abided ever since its creation at a time when the word “transparency” was not even contemplated in our legal framework.
The Foundation has always considered it important to keep all those involved (the beneficiaries of its activities, authorities, employees, the public in general) thoroughly informed, not only of its activities, but also of the whys and wherefores of what it does.
The comprehensive and open nature of such disclosures is clearly demonstrated by the first President’s Reports, particularly if we take into account the historical context under which these documents were published.