[caption id="attachment_26367" align="alignnone" width="640"] Outward Bound Monaco Awards Ceremony with Prince Albert and OBM students. Photo: Ed Wright Images[/caption]
On Monday, December 11, 30 students from the Côte d’Azur who participated this summer in Outward Bound programmes braved the dreadful weather conditions to reunite for the prestigious Outward Bound Monaco annual awards ceremony in the Monaco Yacht Club.
Surrounded by friends, patrons and members of Outward Bound Monaco (OBM) and their parents, the proud students received their diplomas from the Patron of Outward Bound Monaco, HSH Prince Albert, who praised their courage and resourcefulness in the face of the challenges that an Outward Bound programme offers.
Prince Albert with the OBM Patrons who kindly sponsor Outward Bound Monaco (L-R): Michael Peagram (President, OBM), Sergio Buttazzi (EFG Bank), Kory Tarpenning (Nike), HSH Prince Albert II, David Burns (Zindagi Advisory), Jean-Francois Noaro (Noaro Freres), Rommy Gianni (Monte Carlo Polo team) and Judy Churchill (General Secretary, OBM). Photo: Ed Wright Photography
Michael Peagram, President of OBM commented, “Our Awards evening is always a delight. The obvious enthusiasm and shining faces of the young people who completed the OB courses in the summer confirms again the contribution of the experience to their foundation for future life. We are hugely privileged that our Patron HSH Prince Albert finds the time to meet them and present their certificates. “
The evening was full of pride and excitement for the youths, ages 12 to 17, who gave time, energy and passion this summer in Ullswater (the English Lake District) and Aberdovey (North Wales) to try something that pushed their personal barriers and rewarded them with the sense of achievement at overcoming new challenges, as well as having great fun.
Student Max Botwright, 15, reflecting on his OB experience, said "I have really enjoyed taking part in two Outward Bound courses and was fortunate to have been selected to represent the Association in the recent Princes' Cup rowing race.
“Through activities such as hiking, camping, rafting, rock climbing and rowing, Outward Bound has enabled me to push myself further and to accomplish tasks I didn’t think I could. Many of the activities have required my teamwork with other teenagers, who I had only recently met, and I’ve made many lifelong friends along the way."
For more on Outward Bound Monaco, see their website.
A study of mobile telephony coverage in the Principality has found that while improvements in quality of service have been made across the board, Monaco Telecom and Orange continue to provide the best quality of service.
The study was conducted in the first half of 2017 by the Electronic Communications Department. A total of 120 measurement points, exterior and interior, were used to test mobile phones using the IOS and Android operating system at different times, including during off-peak hours.
The study found that Monaco Telecom and Orange, whose network is actually provided by Monaco Telecom, provide excellent coverage and a high quality of service, while the performances of the other three operators Bouygues Telecom, Free and SFR – while inferior, have improved since 2016, following a request from the Minister of State. For telephone calls, made or received, the coverage rate of these operators is today greater than 98 percent when made outside buildings.
However, the quality of internet connections and the throughput offered by these three operators remains much lower than those of Monaco Telecom and Orange.
It also appears from these measurements that the experience of customers often depends on their smartphone. Notable differences are seen between different models which do not have the same sensitivity and the same performances on the same network.
Based on the audit conducted by an independent provider, the study demonstrates the high quality of the mobile services provided by the national operator.
This article addresses the increasing interest by Families on how to be philanthropic, especially from the Millennial (18-35 year olds) members.
There are many reasons, ranging from wealth and tax planning, to brand building, to much more personal motivations, that people may decide to get involved in philanthropy.
Philanthropy is now in vogue, widely celebrated, and adopted as a worthy lifestyle choice amongst the wealthy. We know that philanthropy is on the rise, too. According to the Coutts Million Dollar Donors Report, $56 billion (€47 billion) donations of more than $1 million (€840,000) were made in 2015 – a significant rise from the previous year.
Giving can be a hugely rewarding experience. Getting to know the dynamic individuals and organisations working at the frontline of social change is enriching and humbling. And such engagement can cut across different aspects of your life – from involving the family and even the children in planning and choosing donations, to engaging companies and their employees.
One of the best reasons to give is that the world needs it. Philanthropy has often played a hugely important role in the development of just, democratic societies. Now more than ever – with such global and complex challenges as global under-nutrition, gender inequality, climate change and the refugee crisis – philanthropy has a very important role to play.
What are some of the challenges donors face?
While the journey of a philanthropist is a privileged and rewarding one, it’s not easy to be effective. Here are some of the key pitfalls:
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Feeling overwhelmed by need. The sheer scale of today’s social challenges can be overwhelming. It is said, for example that the global economy will lose $12 trillion (€10.06 trillion) if greenhouse gases are not tackled, and that $3.5 trillion (€2.93 trillion) is lost every year due to global under-nutrition. These are staggering figures, but we mustn’t be disheartened. Private wealth has resources to contribute to this challenge, but they need to be allocated wisely. The great news is that with strategic thinking, even a $26,000 (€21,800) donation could have a catalytic effect in a chosen field.
Defining purpose and value-add. We live in an age of information overload and there will be competing demands for a donor’s attention. The challenge for any donor is how to focus their involvement – this takes a good filtering system and often some solid support. Defining your own purpose and value-add within your chosen field is the true challenge and opportunity of every philanthropist.
Finding great opportunities. The causes that shout the loudest are not necessarily the most effective. Unlike the corporate world, assessing organisations and causes is not straightforward as there is no single bottom line to be compared. There is no stock market for charitable causes. It often takes expertise and/or time and immersion into particular cause areas to find fantastic causes that resonate with your purpose and goals.
Regulatory and risk issues. Donors do not often realise the myriad risk, legal and tax considerations in giving. Setting up your own charitable foundation is an appealing option, but comes with its own regulation and governance requirements. The level of transparency that is needed often surprises and frustrates donors, particularly if giving overseas. It is worth taking advice on the right structure for your giving early on.
Power dynamics. Funders need to be aware that they can influence entire sectors of work (not always positively) by how and what they choose to fund. It’s easy for new donors to wade into subjects with hubris, particularly if they’ve been successful businessmen or women. Unequal power dynamics between funder and recipient do not help to create an honest relationship. Trying to solve a social problem (which is really what this is all about) can take many years, often decades – think of the abolition of slavery, for example, which was pushed forward by a strong civil society movement backed by philanthropic support. It takes patience, focus, and – critically – collaboration across sectors.
Top tips for new philanthropists
Understand the change you want to see and try to think strategically. Understand what change you want to see in the world and work backwards from there. Philanthropy can be catalytic when targeted carefully, but should be informed by a good mix of passion and evidence in order to be really effective.
There are already 160,000 charities in the UK, so be brutally honest about whether you have something new to offer by setting up a new initiative or charitable foundation. A good example is Warren Buffet, who has pledged to give 99% of his substantial wealth to philanthropic causes, the majority of which will go to the Bill & Melinda Gates Foundation. Buffet recognises the critical importance of both leverage and avoiding duplication. Sometimes it is worth funding someone else’s initiative rather than reinventing the wheel.
Acknowledge what you don’t know
Get informed. Meet people and organisations. Understand the issues in which you are interested. And don’t expect to go it alone. We know that donors give more when they seek and receive good advice – be it from other, experienced philanthropists, or professionals. Support can help you to filter information, find and assess great causes, and ensure you are meeting all legal requirements. It will enable you to focus on the fun and rewarding parts of philanthropy while ensuring you see the fruits of your contribution much more quickly.
Make a start
Have a go in one area of interest. Make smaller and simpler contributions initially until you are more comfortable with the process. If there’s one thing I’ve witnessed in my years of working in this space, it’s that donors learn best by doing – so just make a start, and have fun with it!
Article first published September 6, 2017. Mark Estcourt is CEO of Cavendish Family Office in London. For more information, see cavfo.com. This article was written in association with one of our Strategic Partners, Juliet Cockram Agnew who is Head of Philanthropy at I.G Advisors.
[caption id="attachment_3643" align="aligncenter" width="920"] Cala Del Forte Marina of Ventimiglia. Photo: caladelforte-ventimiglia.it[/caption]
After months of detailed negotiation, an agreement was reached on Tuesday, December 6, whereby Monaco’s port authority will operate the marina at Ventimiglia.
The Cozzi Parodi Group, chaired by Mrs Béatrice Parodi, has concluded the agreement with the Principality of Monaco, through which the Monegasque International Port Corporation (SMIP), a subsidiary of the Monaco Port Authority, will acquire the shares of the company Cala del Forte, holder of the concession of the Marina of Ventimiglia.
Before this agreement, the ambitious project had been on hold for several years due to a lack of funding.
The municipality of Ventimiglia and the Ligurian Region made this agreement possible through the approval of a new version of the original project that will allow the use of the harbour for larger pleasure boats better adapted to the current yachting market.
The new owners of Cala Del Forte intend to resume work as soon as possible, if possible as early as January 2017. The maritime work is expected to be completed by the summer of 2018, allowing for harbour operations to start, and shore facilities are expected to be completed by 2019.
Eventually, the port complex will include 171 berths for vessels from 6 metres to 60 metres, approximately 400 parking spaces, a shipyard and 3,800 square metres of commercial premises.
A number of major works will be carried out in the vicinity of the port, to include rehabilitation of the sewerage network, resurfacing of the roadway, landscaping, and a vertical lift link connecting the port with Old Ventimiglia.
The Mayor of Ventimiglia, Mr Enrico Ioculano, and the new President of Cala Del Forte, Mr Aleco Keusseoglou, will give a first press conference in Italy next week, during which further information will be provided on the project. This meeting will take place on December 12 at 2 pm at the Annunciata Fort in Old Ventimiglia.
Thursday morning, a large backpack was reported outside the bus stop at upper Ste Devote, near the entrance of the train station.
The station was closed and traffic blocked from the area from 10:15 am to 11:10 am as Public Security immediately sealed off access to the station while the backpack was investigated. It contained clothing.
Traffic, as well as access to the train station, has been restored to normal.